Wed, 06/11/2019 - 10:15
The Investing and Saving Alliance (TISA) has appointed Tony Stenning as its new Chair. The appointment is the unanimous choice of TISA’s Nominations Committee and follows the evaluation of a number of applications.
Stenning has nearly three decades of investment industry experience, including sixteen years at BlackRock where he was a Managing Director and held a number of senior positions, including Head of UK Retail and Head of Retirement in EMEA. During his career he has always been a strong advocate of helping investors achieve their desired investment outcomes, consequently helping to develop some of the industry’s most innovative solutions. Tony also regularly engages with regulatory authorities on a range of industry issues and initiatives, recently helping to advise the government of how to build a culture of social impact investing.
Stenning has been involved with TISA for a number of years and in 2013 Chaired “The Savings and Investment Policy Project” (TSIP), an unprecedented coalition of fifty leading firms, trade bodies and consumer groups, to deliver actionable and practical policy proposals aimed at improving consumer financial wellbeing. He joined the board of TISA in 2014, becoming Deputy Chair in 2016. Tony’s insights into the individual retirement market, together with his knowledge of how to get all facets of the financial services industry to work together will bolster TISA’s ongoing work in developing policies that help consumers adapt to the changing savings landscape.
Stenning says: “I am really excited to have been appointed Chair of TISA at what is a pivotal time for consumers. We are fast approaching a tipping point where a generation may retire less well off than the previous one, a phenomenon we haven’t seen for almost 100 years. The industry, government and regulators need to take action if we are to have a significant impact on the financial resilience of UK consumers. People are taking on ever more responsibility for their financial futures, but we know that 47 million Britons still have no access to financial advice. TISA has a key role to play in helping bridge this gap and our Vision 2025, to be unveiled at our conference in December, will set out how we intend to do so.
“I look forward to helping the TISA team in our efforts to ensure that people are not only more financially capable, but also have much greater financial accessibility and resilience. As well as helping consumers, this should deliver clear and tangible benefits to UK financial services and the economy as a whole.”
David Dalton-Brown, TISA’s CEO, adds: “Tony was the standout candidate to succeed Clive Shelton as TISA Chairman and I am delighted he has accepted the role. His passion for the benefits that our industry can bring to consumers is well known and respected by his peers and industry commentators alike. I look forward to working with Tony as we continue TISA’s drive to improve consumer financial wellbeing and provide essential support services to our members.”
With a growing membership of over 200 firms, representative of all sectors of financial services, TISA is uniquely placed to improve consumer financial wellbeing by bringing the industry together to develop collective policy solutions, deliver infrastructure improvements, champion digital innovation and the drive towards an Open Finance ecosystem.
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