Distributor body merges with Tisa

The Investment Funds Association is merging into the Tax Incentivised Savings Association to boost Tisa’s distributor funds initiative.

The distributor funds trade body has worked with Tisa on its initiative to design distributor fund solutions that are deemed RDR-compliant.

Investment Funds Association deputy chairman Anthony Harding says: “We share a common vision of a distributor funds sector focused on quality service and value for the client. It makes sense to throw our weight behind Tisa to achieve that goal.”

Tisa director general Tony Vine-Lott says: “Our next steps will be to continue to interact closely with the FSA to clarify any outstanding gaps and concerns regarding distribution and structure of these and related products.”

Tisa’s new advisory council, to be chaired by Intrinsic Financial Services chief Richard Freeman, will look at the strategic implications of distributor funds.

Informed Choice executive director Nick Bamford says: “Tisa has done a good job in getting its message out on distributor funds.”