TISA to develop open standards to share people's investment data

13 member firms to oversee project

Tom Ellis
clock • 1 min read

The Tax Incentivised Savings Association has launched a project to develop what it called an 'Open Savings & Investment solution' in order to allow UK savers to "more easily control their key holdings and valuation data".

The association said the project's vision is to see financial services firms release their customers' data in a secure, standardised form so it can be shared easily between those businesses and with their clients. It said the project covers all consumer savings and investments, including ISAs, pensions, bonds, GIAs, insurance products and any other non-banking assets. Some 13 members of TISA have agreed to join a committee to oversee the project. These include Bravura, FNZ and GBST, which provide the majority of the adviser platform market with technology, as well as other financial serv...

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