TISA responds to Autumn Statement
Responding to the Autumn Statement TISA director general Tony Vine-Lott said:
“We broadly support the increases in the state pension age as a pragmatic step in response to increasing longevity. However, to give people certainty when planning how they will fund their retirement and to prevent those with modest earnings saving to no effect it is essential that the rise in pension age is accompanied by the planned introduction of a flat-rate basic state pension. The announcement that voluntary National Contributions will be introduced to allow pensioners to boost their income is welcome.”
Ends……
For further information, please contact:
Tony Vine-Lott, Director General, TISA – Tel: 01372 374728, Mobile: 07790 006108Email: tonyvine-lott@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 7680 6568, Mobile: 07889 903786 Email: steve.radford@cauldron-consulting.com
Notes for Editors
TISA
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.