TISA urges new Government to maintain focus on personal savings and investments
TISA – the financial services membership association – welcomes the confirmation of the new government and hopes that all parties will work together to promote the benefits of personal saving and support policies that encourage and make it easier to save.
Prior to the General Election TISA’s Savings & Investments Policy project (TSIP) – an unprecedented coalition of more than 50 leading financial services companies, trade bodies and consumer groups – held meetings with Ministers, Opposition spokespeople, Government officials and others to discuss a range of policy recommendations that the industry and the government could implement to get Britain saving again. These are outlined in the TSIP report ‘Saving our financial future’. http://www.tisa.uk.com/research-publications.html.
David Dalton-Brown, Director General of TISA said:
“Changes introduced by the previous government to provide greater flexibility in the ISA regime and to give people freedom on accessing their pension have given the savings message a real boost. It’s crucial that the new government maintains this momentum if we are to seize the opportunity to significantly improve people’s financial awareness and wellbeing.
“There is still much to do and we are determined to continue to play our part. Our priorities are to help the industry to deliver on the digitisation of financial services and in particular making the Digital Passport a reality; assist in the development and interpretation of policy, infrastructure changes, guidance and education necessary to facilitate the new freedoms; continue to support the TSIP policy recommendations and to work with government and regulators to identify policy changes that will help people to save. As always, the best interests of the consumer will be our focus.”
Ends…
Issued on behalf of TISA by Newgate Communications:
Alistair Kellie – Telephone: 0207 680 6558/Email Alistair.Kellie@newgatecomms.com
Sara Lyons – Telephone: 0207 680 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 145 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.