TISA’s response to ‘Help to Save’ scheme
Responding to the announcement about the proposed ‘Help to Save’ scheme Carol Knight, Chief Operations Officer at TISA said:
“We have always strongly supported the concept of the ‘Help to Save’ proposal. A key aspect of our savings and investments policy project has been to encourage and help low and middle income families create a ‘rainy day fund’. The ‘Help to Save’ scheme will promote a savings habit and, combined with automatic enrolment, starts moving the country back towards a position of individuals having financial security. We look forward to working with the relevant trade bodies and the industry on how best to implement the scheme.”
For further information please contact:Alistair Kellie / Sara Neidle / Nick Morris – Telephone: 020 7680 6550 / Email Alistair.Kellie@newgatecomms.com; Sara. Neidle@newgatecomms.com; Nick.Morris@newgatecomms.comEmail: TISA@newgatecomms.com
Notes for Editors
TISA is a not-for-profit membership association operating within the financial services industry. The focus of our recommendations and actions is improved outcomes for consumers and UK plc with this approach leading to a stronger UK financial services industry.
TISA’s growing membership comprises over 150 firms involved in the supply and distribution of savings and investment products and services. These members represent many different sectors of the financial services industry, including asset managers, insurance companies, fund managers, distributors, building societies, investment managers, third party administrators, consultants and advisers, software providers, financial advisers, pension providers, banks and stockbrokers.
Having a legacy of focusing predominantly within the tax incentivised products area, TISA has in recent years moved into the broader savings and investments world, extending our standing as trusted adviser over a much greater remit.
TISA has a successful track record in working cooperatively with government, regulators, HMT, DWP and HMRC to improve the performance of the industry and the outcomes for the public. Effective policy and regulation and the creation of efficient industry infrastructure continues to be the major focus for our members. TISA is unique in that it represents the entire financial services industry, incorporating cross-sector policy, industry and technical expertise. Whilst we maintain a solid partnership with government, the regulators and wider industry, we remain independent and develop neutral views and opinions. This impartiality is reflected in our ability to drive development projects which improve industry performance and consumer outcomes, putting us in the unique position of being able to constantly challenge the status quo to bring about material improvement.