The Tax Incentivised Savings Association (Tisa) has applaued the government's stance on savings, which it claims helps to promote "stability and progress" in the industry.
The association noted that newly-installed chancellor Alistair Darling's pre-Budget report included plans to improve the UK's base of savings and offer more specifically targeted savings schemes.
Programmes such as Savings Gateway and matching could be incorporated into individual savings accounts, said the body, with members of its working party opening up a debate on the feasibility of such proposals.
Carol Knight, head of member services, commented: "The simplifications to the Isa [individuals savings accounts] structure and the enhancements to that scheme which come into effect April 2008 will provide further benefits for consumers.
She added that she is looking forward to future communication with the government regarding issues such as financial education and capability, and saving for retirement .
The Tax Incentivised Savings Association is a trade association representing the interests of more than 100 member firms. It claims to have successfully lobbied the government on a number of issues, including the simplification of child trust fund savings options.
Tisa backs government savings talk
Tisa backs government savings talk
Thu, 11 Oct 2007
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