Tisa testing out re-reg process

14 October 2010 | By Natalie Holt

The Tax Incentivised Savings Association will carry out a series of pilot exercises for its re-registration programme over the next three months.
The aim of the programme is to streamline the process of transferring assets from one platform provider to another and make the process fully automated.

The association says its standard service level agreements are close to being finalised and will soon be available for industry feedback.

Tisa executive steering committee chair David Dalton-Brown says the platform industry has been very supportive of the programme.

He says: “There is tremendous support from the industry for this Tisa project, in particular from the major platforms and fund groups and their third-party administrators. Our fellow industry bodies, the Investment Management Association and the Association of Private Client Investment Managers and Stockbrokers, are also supportive.

“The programme office, headed by Alistair Reid, is working extremely hard to co-ordinate the programme plan, secure buy-in at senior level from industry participants and deliver robust industry standards, supporting processes and service-level agreements.”

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