TISA responds to Pensions Dashboard announcement
TISA, the investing and saving membership organisation, is fully supporting the Government’s position as outlined in the response to the Pensions Dashboards consultation published today.David Dalton-Brown, TISA Director General said:
“The Government’s response is closely aligned to TISA’s submission and we are particularly pleased with the adoption of a Dashboard Ecosystem approach. This will ensure consumer choice and a consistent approach to the way information is presented.
“Like the Government, we view the Pensions Dashboard as the first step in the digitalisation of financial services. Ultimately the aim is to enable people to engage with all their savings and investments within a much broader dashboard.
“TISA’s projects on Open Savings & Investment and on creating a Digital Identity for consumers are on track to help make this a reality. We also have experience of the development and governance of open standards in a secure environment with TeX. We are keen to be involved with the Pensions Dashboards Delivery Group and to make our work and expertise in delivering industry-led solutions available.”
Issued on behalf of TISA by Atlas Partners, for further information please contact:Clara Rees Jones: telephone: 020 7183 7154 or 07523609413, email: firstname.lastname@example.org Email: email@example.com
Notes for Editors
TISA is a unique, rapidly growing, consumer focused membership organisation. Our ambition is to improve the financial wellbeing of all UK consumers. We work with our members to deliver practical solutions and devise innovative, evidence-based strategic proposals for government, policy makers and regulators that address major consumer issues.
TISA membership is representative of all sectors of the financial services industry. We have over 200-member firms involved in the supply and distribution of savings, investment products and associated services, including the UK’s major investment managers, retail banks, online platforms, insurance companies, pension providers, distributors, building societies, wealth managers, third party administrators, Fintech businesses, financial consultants, financial advisers, industry infrastructure providers and stockbrokers.
Complementing our consumer policy development, TISA has become a major industry delivery organisation for consumer focused, digital industry infrastructure initiatives (TeX/STAR, Digital ID, MiFID II and Open Savings & Investment). This reflects TISA’s commitment to open standards and independent governance.
TISA’s current strategic policy and industry solution developments include making financial guidance more widely available; digitalisation including the development of a Digital ID, developing open standards-based projects that support the growth of Fintech and increase consumer access to financial services while lowering costs for providers; financial education for young people; retirement savings; consumer engagement; the TISA and KPMG Savings Index.
TISA also provides its members with support on a range of operational and technical issues targeted at improving infrastructure and processes, standards of good practice and the interpretation and implementation of new rules and regulations. This work currently includes: MiFID II, CASS, SM&CR and addressing cybercrime.