TISA joins TheCityUK membership
TISA, the investments and savings membership organisation, has become a member of TheCityUK – the industry body which represents the UK-based financial and related professional services industry.
One of the areas on which TISA will work collaboratively with TheCityUK is Brexit, contributing to the development of industry priorities and policy positions for the negotiations.
David Dalton-Brown, TISA Director General said:
“TISA’s Brexit focus is solely on the issues that relate to the savings and investments sector. From the outset, we recognised the importance of working with TheCityUK and other industry bodies to help in the development of joined-up Brexit policy proposals. This co-operation is essential to enable financial services to present a comprehensive series of recommendations and policy ideas to the Brexit negotiating team. Only then can financial services play a pivotal role to empower the UK to make the most of the global opportunities in the post-Brexit world.
“We are therefore delighted to formalise this relationship by becoming a member of TheCityUK. This will strengthen our input into the ongoing Brexit policy development work and give a greater voice to our members in the industry-wide proposals and recommendations.
“Importantly, we also see TISA’s focus on the consumer, combined with TheCityUK’s approach to highlight the importance of UK-based financial and related professional services to the economy, creating a powerful partnership that can help shape future government thinking and policy. By aligning the best interests of consumers, firms and the economy there is much we can do to present compelling, evidence-based thought leadership and policy recommendations aimed at improving the financial resilience of people in the UK.”
Ends….
For further information please contact:
Alistair Kellie – Telephone: 0207 680 6558/Email Alistair.Kellie@newgatecomms.com
Sara Neidle – Telephone: 020 7680 6550 / Email Sara.Neidle@newgatecomms.com
Jessica Hodson Walker- Telephone: 020 7680 6538/EmailJessica.HodsonWalker@newgatecomms.com
Email: TISA@newgatecomms.com
At TheCityUK: Jack Neill-Hall – Telephone: 020 3696 0114 / Email jack.neill-hall@thecityuk.com
Notes for Editors
TISA is a unique, consumer focused membership organisation. Our aim is to improve the financial wellbeing of UK consumers by aligning the interests of people, the financial services industry and the UK economy. We achieve this by delivering innovative, evidence based proposals to government, policy makers and regulators.
TISA’s growing membership comprises 170 firms involved in the supply and distribution of savings and investment products and services. These members represent all sectors of the financial services industry, including asset managers, insurance companies, fund managers, distributors, building societies, investment managers, third party administrators, FinTech, consultants and advisers, software providers, financial advisers, pension providers, banks and stockbrokers.
Current themes of TISA policy work include:
• Brexit: developing proposals for government that will enable the savings and investments sector to prosper on a global scale
• Digitalisation: a digital identity for consumers of financial services, innovation, standards and data responsibilities
• ISA’s: LISA, simplification of the regime
• Retirement saving: the Auto Enrolment review, self-employed and pension tax relief
• Housing: the use of property to supplement retirement income
• Guidance: developing a framework and services to make guidance more widely available
• Education: supporting the education of young people to make them aware of the impact of finance on their life.
TISA also provides 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. TISA has a successful track record in working cooperatively with government, regulators, HMT, DWP and HMRC to improve industry effectiveness by reducing cost and risk and to enhance customer outcomes. This work currently includes: MiFID II, CASS, the UK Fund Settlement initiative and Payments Strategy Forum. TISA Exchange (TeX) is providing a model for transfers and re-registrations.
Website: www.tisa.uk.com
TheCityUK represents the UK-based financial and related professional services industry. We lobby on its behalf, producing evidence of its importance to the wider national economy. At home in the UK, in the EU and internationally, we seek to influence policy to drive competitiveness, creating jobs and lasting economic growth – www.thecityuk.com.