The Tax Incentivised Savings Association has appointed Clive Shelton is to be its new chairman.
He will take over from Tony Solway once he completes his term of office on 30 June. The appointment follows a recruitment process which attracted a number of high calibre candidates, according to a Tisa statement.
Mr Solway has been chairman since 1 July 2012, after replacing John Brasington upon his retirement after 12 years in the role.
Mr Shelton said he was delighted to be asked to lead the board as Tisa enters the next phase in its development and particularly at a time when digital innovation is such an important part of the agenda.
“Tony Solway achieved much during his tenure and will be a hard act to follow. Fortunately for me he hands over an Association with a recognised identity, a focused mission and committed management team.
“The pace and scale of change in personal savings, retirement provision and new technology is only going to increase and so Tisa’s role at the heart of policy development and implementation is going to continue to grow in importance,” he added.
Currently Tisa’s deputy chairman, Mr Shelton is a director of International Financial Data Services. He is also a fellow of the Chartered Institute for Securities and Investment, along with being its chairman of the examinations board, a branch president and trustee.
After 14 years at the Bank of England, Mr Shelton joined the M&G Group in 1987, becoming chief registrar in 1992, and following the acquisition of M&G by the Prudential, an associate director in 2000 and director of compliance in 2001. He joined IFDS in 2003.