TISA Budget 2015 Response – ISA
Responding to the Budget announcement regarding four steps to a ‘savings revolution, David Dalton-Brown, TISA Director General said:
“These latest changes to ISAs are great news for savers. The Help to Buy ISA and its matching element will deliver great benefits to first time buyers. We are also delighted to see further moves to shift towards recreating a culture of saving rather than debt through the introduction of a personal savings allowance.
“The Savings & Investments Policy project (TSIP), which TISA supports, has been calling for new savings and investments policies to help rebuild consumer confidence and trust in short, medium and long term savings. Saving benefits everyone, ensuring growth, stability and prosperity for the future of the UK and its people. A failure to narrow the savings gap could adversely affect the UK’s GDP, so it is of critical economic as well as social importance.
“Today’s Budget is a stepping stone towards realigning the interests of savers, with the products and services offered by the industry. This will be the most effective way to re-build trust in retail financial services and build a more resilient society.”
TISA’s mission is to work with all relevant stakeholders to review, develop and implement effective policies, regulations, products, advice and services; thereby encouraging individuals to have the appropriate savings and investments to support them, and their families, throughout their lives. It has 147 members drawn from every part of the financial services industry and further details of its activities can be found at http://www.tisa.uk.com.
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For further information please contact:
David Dalton-Brown, Director-General, TISA – Tel: 01642 666995
Email: TISA@newgatecomms.com
Issued on behalf of TISA by Newgate Communications
Alistair Kellie – Telephone: 020 7680 6558/Email Alistair.Kellie@newgatecomms.com
Sara Lyons – Telephone: 020 7680 6543/Email Sara.Lyons@newgatecomms.com
Notes for Editors
TISA is a not-for-profit membership association operating within the financial services industry. We represent the interests of over 147 member firms involved in the supply and distribution of savings and investment products and services.
TISA has a highly successful track record in working cooperatively with government, regulators, HMT, DWP and HMRC to improve the performance of the industry and the outcomes for consumers. Policy and regulation continues to be the major focus for our members with regard to corporate responsibility.
TISA and its members’ remit is evolving into a clearer focus on pro-active consultation in the regulatory world in order to influence policy and associated regulation before its creation, rather than reacting to issued policy directives. This will help to ensure a more considered policy creation from the authorities. Website: www.tisa.uk.com