Intended to reflect the wider scope of activities undertaken by the organisation and its members, the decision was announced the at the Association’s annual House of Commons Terrace Reception.
PIMA is a leading trade body on tax-incentivised savings schemes, and has recently built upon its expertise by expanding into other areas of saving such as the Child Trust Fund (CTF), financial capability/inclusion, financial crime, long-term savings, wraps, and SIPPs. Increasingly, PIMA is seen as the optimal industry conduit for Government and regulators to communicate with industry and the public at large.
The change to TISA signals an enduring commitment to consumer savings in the UK. The name change will take affect from 1 July 2007.
Director General Tony Vine-Lott said, ‘We believe the name Tax Incentivised Savings Association better represents our focus in the past few years and we look forward to effectively representing the aims of our members and the needs of the consumer in assisting government to further improve and develop schemes and initiatives to support savings and broaden and deepen family wealth creation in the UK.’
