TISA moves to resolve DIFs controversy

clock

The Tax Incentivised Savings Association (TISA) is attempting to pull together industry stakeholders in a bid to dissolve the controversy surrounding distributor-influenced funds (DIFs).

Although it is claimed they can provide better governance and financial value, TISA has highlighted the complexity, cost, transparency and suitability issues that surround DIFs. The organisation held an open meeting last week to discuss DIFs, which can be set up by advisers in conjunction with product and fund providers, and the FSA has also indicated it will take more interest in their usage. Malcolm Small, director of policy at TISA says: "DIFs are now firmly in the regulatory spotlight but the industry has the opportunity to resolve the questions currently being asked and to provid...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PFS invests £1m in future talent

PFS invests £1m in future talent

Key that financial planning tackles 'mistrust' and knowledge gaps

Sahar Nazir
clock 23 July 2025 • 2 min read
Women in Financial Advice Awards 2025: Shortlists revealed!

Women in Financial Advice Awards 2025: Shortlists revealed!

All the winners will be announced at a celebratory gala dinner on 12 November

Professional Adviser
clock 23 July 2025 • 9 min read
Money is a tool - never the goal: The role of psychology in financial advice

Money is a tool - never the goal: The role of psychology in financial advice

'The best IFAs, the ones who retain clients for decades, focus on the human side as well'

Chris Ball
clock 23 July 2025 • 6 min read