A new coalition of industry bodies is set to release their findings related to combating the complications surrounding transferring Isas.
The British Bankers Association (BBA), Building Societies Association (BSA) and the Tax Incentivised Savings Association (Tisa) all joined forces in July following over 50 complaints made to the Financial Services Ombudsman about the issue.
According to the Financial Times, the trio are expected to publish their guidelines at the end of August after examining possible electronic solutions.
Brian Mairs, assistant director of strategic communication for the BBA, told the newspaper that improvements need to be agreed "through industry guidelines".
"The BBA, BSA and Tisa are currently working on a standard which we are expecting to publish shortly," he added.
Earlier this week, the Telegraph reported that the Royal Bank of Scotland is set to appoint Stephen Hester, Arthur Ryan and John McFarland to its board as non-investment directors from October 1st.
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