ROY NICOLSON TAKES OVER AS CHAIRMAN AT IFAP

IFA Promotion, the organisation promoting the benefits of independent financial advice, announced today that its Chairman, Kevin McBrien, will be stepping down at the November IFAP board meeting due to other pressures on his time.  Roy Nicolson, Chairman of Advice First, will take over on an interim basis and will co-ordinate the appointment of a permanent replacement. 

David Elms, Chief Executive of IFA Promotion, commented, Wed like to thank Kevin for his sterling effort on IFAPs behalf, a period that has seen our IFA membership grow by 15%, leads generated for member IFAs increase by 20% and recognition grow of the important role IFAPs playing in helping to secure the future market for independent financial advice.    

Kevin McBrien commented, Ive enjoyed chairing IFAP at a time of great challenge in the industry, and success for the organisation itself, which has excelled in its work to raise the profile of, and generate business for, its 10,000 strong membership.  Ive particularly enjoyed working closely with IFAPs sponsors, AIFA and the FSA to develop a consumer-positive model for independent financial advice.

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For further information, please contact:

David Elms, CEO           or                      Richard Winder/ Ian Williams

IFA Promotion                                          Lansons Communications

020 7833 3131                                        020 7490 8828


1.  Independent Financial Adviser Promotion

IFA Promotion was established in 1989 to promote the value and accessibility of independent financial advice to the public.  It represents over 10,000 firms of independent financial advisers across the UK and is sponsored by 27 leading financial institutions. In 2001, 265,000 consumers and businesses used IFA Promotion to find local independent financial advice.

IFA Promotion believes Independent financial advice should be:

        Affordable.  The option to take independent financial advice should be available, by right, to all - not just the wealthiest in society.

        Convenient.  IFAs should be available in the location of the consumers choice, wherever they live in the UK.

        Transparent.  It must be clearly transparent to consumers who is able to offer independent financial advice and who is not.

2.      Independent Financial Adviser Promotions sponsors

AMP NPI

Prudential

AXA

Scottish Equitable Plc

Barclays Global Investors Funds

Scottish Life

Bright Grey

Scottish Mutual Assurance Plc

BUPA

Scottish Provident

Canada Life

Scottish Widows Plc

Clerical Medical Investment Group

Selestia

Eagle Star

Standard Life Assurance Company

Friends Provident

Swiss Life (UK) Plc

GE Life

The Skandia Group of Companies

INVESCO Fund Managers Ltd

Tunbridge Wells Equitable Friendly Society

Legal & General

Winterthur Life UK Ltd

National Savings & Investments

Zurich Life Assurance Company

Norwich Union Life

 

 

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