Which professional body represents savings and investment schemes?

• A. Tax Incentivised Savings Association (TISA)
• B. PIMFA
• C. DATA
• D. Association of British Insurers (ABI)

Answer: (A)

This question tests recognition of which trade body focuses on tax-advantaged savings products. The Tax Incentivised Savings Association carries a name that directly signals its remit: it represents providers and administrators of tax-advantaged savings schemes, such as ISAs and pension-related products. That means its members are the firms involved in creating, distributing, and servicing these savings and investment schemes, and it advocates on policy and standards affecting them.

The other bodies have different focuses: the professional body for investment management and financial advice firms, PIMFA, isn’t limited to savings schemes; the Association of British Insurers represents insurers; and DATA isn’t the standard trade body for savings products.