The Investment Funds Association has merged with the Tax Incentivised Savings Association (TISA) in a move aimed at boosting TISA's distributor influenced funds (DIFs) initiative.
Its decision to cease functioning as an independent organisation follows the Investment Funds Association's involvement in TISA efforts to bring together interested parties in order to design RDR-compliant DIFs. "The Investment Funds Association has already provided valuable input into our project and we thank them for that," said TISA director general Tony Vine-Lott. "We also support their decision that the best way to meet their objectives over the longer term is by working within TISA, rather than as an independent organisation." Last November, TISA published an independent report ...
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