Carol Knight is to step down as CEO of trade body The Investing and Saving Alliance (TISA) in August after four years leading the organisation.
Ms Knight announced the move yesterday at the organisation’s Annual Parliamentary Reception.
TISA says that Ms Knight will continue to work with the body for two more years as a consultant.
Ms Knight has worked for TISA for 22 years and held several senior roles, including being chief operations officer for 10 years. She also had earlier roles as operations director, head of member services and director of member services.
TISA said that during her time she has helped drive a number of major industry and policy developments, including:
• Supporting major ISA reforms, from the implementation of Child Trust Funds and development of Junior ISAs to the simplification of ISA regulations and introduction of the Additional Permitted Subscription.
• Helping to broaden TISA’s policy work beyond savings and investment, including its expansion into pensions, retirement and the cash savings market.
• Championing financial education, including work that contributed to its introduction into the primary school National Curriculum.
• Supporting TISA’s work on major future-facing industry initiatives, including SelectID, the Advice Guidance Boundary Review, Targeted Support and the National Workplace Savings initiative with NEST Insight and MAPS.
TISA’s board is now searching for a replacement CEO and Ms Knight will work with the board and senior team to support an “orderly handover.”
Ms Knight said: “After 22 years with TISA, I have decided that the time is right for me to step down from my executive role and begin a new phase of my career, with more time to take on non-executive and charitable work alongside other personal priorities.
“It has been a privilege to work with so many talented colleagues and to have played a part in some significant achievements for the industry and consumers. I am particularly proud of the work we have done to champion financial education, culminating in its introduction into the primary school National Curriculum in 2028.
Mark Westwell, chair of TISA, said: “Carol has made an exceptional contribution to TISA over more than two decades. Her leadership, insight and commitment have helped shape many important developments across the savings, investment and retirement landscape, and she has been instrumental in broadening TISA’s work into new areas."
TISA has about 260 member including investment managers, retail banks, online platforms, insurance companies, pension providers, building societies, wealth managers, fintechs, financial advisers and stockbrokers.