Trade body the Tax Incentivised Savings Association (TISA) will set up a committee to monitor the Financial Services Authority's Client Assets and Client Assets and Client Money Rules.
It said it wanted to create a forum for advisers to share experiences and identify best practice after fears were raised about the rules at a recent seminar. TISA's seminar, held in association with Kinetic Partners, heard that the rules are towards the top of the FSA's agenda and that compliance is challenging with many thematic reviews resulting in adverse findings. Delegates asked the association to take the lead by establishing a committee and interacting with the FSA. Malcolm Small, TISA director of policy said: "It has been clear to TISA for some time that there are real and ...
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