TISA

The investment industry is inefficient and in need of a radical overhaul if it wants to meet the needs of an under-served consumer base, Financial Conduct Authority (FCA) board member Mick McAteer has warned.

Pension transfers should take no longer than six working days, according to the the Tax Incentivised Savings Association (TISA) which is set to launch a service facilitating quicker switches.

The Tax Incentivised Savings Association (TISA) is launching an industry-wide project aimed at transitioning consumers from a "culture of debt to one of savings".

RE-REG

Aviva and Zurich have both selected eCommerce standards and services body Origo to provide their automatic re-registration services.

The Tax Incentivised Savings Association (Tisa) is to launch a consultation later this month to look into how to convert bundled share classes held on one platform into clean share classes on another platform when a client re-registers.

The Tax Incentivised Savings Association (TISA) is writing to the Treasury to ask for a one-year delay on the proposed rebate tax, after estimating the costs to the industry far outweigh the tax likely to be recouped.

PLATFORMS

REGULATION

The Tax Incentivised Savings Association (TISA) is set to launch its much-anticipated platform-to-platform re-registration programme in the next few weeks, ahead of the Retail Distribution Review (RDR) deadline.