TISA’s response to the government creating a single guidance body
TISA, the investments and savings membership association, has welcomed the Government’s creation of a single guidance body.
David Dalton-Brown, Director General at TISA said:
“TISA welcomes the government creating a single guidance body to deliver guidance on pensions, money and debt services. TISA hopes that by creating a single unified body the new guidance service will address some of the clear gaps in the service today, such as the need for debt advisers to warn people not to opt out of a workplace pension if it would mean them losing the employer contribution and similarly those advising pensioners should always bring the value of their house into the discussion. We see this as a positive step forward and will help consumers make the right financial decisions. We look forward to further consultation on what the single guidance body will entail.”
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For further information please contact:
Alistair Kellie – Telephone: 0207 680 6558 /Email: Alistair.Kellie@newgatecomms.com
Sara Neidle – Telephone: 020 7680 6543 / Email: Sara.Neidle@newgatecomms.com
Email: 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.
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.
Website: www.tisa.uk.com