TISA: CTF and JISA consultation offers a pragmatic solution
Responding to the Budget announcement that the Government is to consult on the transfer of Child Trust Funds to Junior ISAs, Tony Vine-Lott, the TISA Director General said:
“Allowing the voluntary transfer from a CTF to a JISA for those who choose to do so is a pragmatic and practical solution. The consultation will address concerns about stakeholder protection and allow all the issues surrounding the administration of parallel schemes and the remaining CTF accounts to be explored by Government, industry and consumer groups.”
For further information, please contact:
Tony Vine-Lott, Director General, TISA – Tel: 01372 374728, Mobile: 07790 006108Email: firstname.lastname@example.org
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786 Email: email@example.com
Notes for Editors
The Tax Incentivised Savings Association (TISA)
TISA is the premier industry funded body in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available whilst encouraging more people to save for their financial security and peace of mind.
Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 130 member firms involved in the supply or distribution of products. TISA’s remit extends across the broad spectrum of savings vehicles & services and centralised investment propositions.