The financial services group The Investing and Saving Alliance (Tisa) has appointed Labour life peer and former trade unionist Lord Iain McNicol as an advisor to its board.
Lord Iain McNicol of West Kilbride is a member of the House of Lords, and was formerly general secretary to the Labour Party from 2011 to 2018. In this new role he will advise Tisa on cross-party initiatives to improve the financial wellbeing of UK consumers. He joins fellow life peer Lord Ed Vaizey of Didcot, a former Conservative minister and MP, who also serves as board advisor.
McNicol says: “As an advocate of financial inclusion and financial literacy, I’m delighted to be appointed to the board of Tisa. Tisa’s strong commitment to engaging with major consumer issues and championing best practice across the financial services industry means they have a pivotal role to play in shaping future strategy.”
Chairman for Tisa, Tony Stenning adds that this appointment will further strengthen the board. Tisa says this advisory board seeks to bring expertise from both politics and the broader financial services sector.