Cash & Investment Savings Technical Committee

Industry challenge

The industry needs to continually improve the way it engages with consumers

Group purpose

The Cash & Investment Savings Technical Committee aims to improve the reputation and effectiveness of the financial service industry through better engagement with consumers and promoting their interests.

Areas of focus

• The regulations are being amended from 6 April 2026 to permit long term asset funds (LTAFs) and crypto exchange traded notes (cETNs) to be held in stocks & shares ISAs and innovative finance ISAs, respectively. This is a change to the current regulations, and the committee is helping provide feedback to enable TISA to liaise effectively with HMRC.
• The Committee has been discussing and providing feedback on the potential changes to the ISA regime that could be announced at the Autumn Budget 2026. Some of the rumoured changes could have a significant impact on the current ISA regulations and the administration of ISAs. One proposal, similar to that of the previously proposed British ISA, would mandate the holding of a minimum percentage of UK assets held in stocks & shares ISAs.   
• The Committee provided input into the previous TISA response on the proposed British ISA.
• TISA continues to liaise with UK Finance and the Building Societies Association (BSA) to help ensure that the percentage of cash ISA transfers throughout the industry within 7 days continues to exceed 85%.
• There are major changes to ISA reporting, scheduled to commence in April 2027, that will require the implementation of Digitalised ISA reporting. This is a huge project requiring significant HMRC resource and TISA, alongside UK Finance, has been providing feedback to HMRC to help aid the smooth implementation of these changes.  
• In the lead up to the Autumn Budget 2025, TISA has submitted its Budget Response including our recommendations for simplifying and improving the ISA regime.
• TISA continues to work with the Ministry of Justice (MoJ) to help direct the parents/carers of children with mental capacity issues to the relevant government information on obtaining suitable court of protection orders to help access Junior ISAs (JISAs)
• Detailed feedback has been provided to the HMRC policy team regarding company liquidations. Current HMRC guidance is, arguably, having a negative impact on ISA customers who hold shares in liquidated companies in their stocks & shares ISAs. We await further feedback on this issue.
• TISA has been liaising with the HMRC Compliance team to discuss concerns that the industry currently has regarding the HMRC ISA audit programme.
• TISA has been liaising with HMRC to discuss some potential problems relating to the reporting of Lifetime ISAs.

 

Aberdeen Group
Aegon UK PLC
Alder Investment Management
Allfunds Bank S.A.U
Bank of Ireland
Barclays
BNY Pershing
Cazenove Capital
CMC Markets Investments Limited
Columbia Threadneedle Investments EMEA
Coutts & Co
Cynergy Bank
Danske Bank
Digital Moneybox Ltd
Evelyn Partners
Fidelity International
Financial Software
Forester Life
Freetrade Limited
GoHenry Family Finance Limited
Hargreaves Lansdown
HSBC
Interactive Brokers (U.K.) Limited
Interactive Investor

JP Morgan Asset Management
L & G plc
LGT Wealth Management
Lloyds Banking Group
M&G Investments
NatWest PLC
Nude Finance Limited
OneFamily
Quilter (formerly Old Mutual Wealth)
Raymond James Investment Services Limited
Rathbone Bros Plc
RBC Brewin Dolphin
Redmayne Bentley
Royal Bank of Scotland
Santander UK Plc
SS&C
Third Platform Services Limited
Unbiased Limited
Vanguard Asset Management
Virgin Money PLC
Walker Crips Investment Management
Yealand Fund Services Limited

David Beaston, Technical Manager/Trainer
leads on this work

Chairs: Rob Jameson, M&G & Malcolm Peacock, Hargreaves Lansdown

If you are a TISA member who would like to get involved with the Cash & Investment Savings work, please get in touch

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