The Association of International Life Offices (Ailo), which is the main trade body for the cross-border insurance industry, has made the European Federation of Financial Advisers and Financial Intermediaries (Fecif) and the Federation of European International Financial Advisers (Feifa) affiliate members.
Fecif is the promotional body for financial advisers in Europe, while Feifa is the trade association that represents English-speaking financial advisers in the EU.
In addition to cross-border promotion, Ailo’s members have their interests protected and represented by the association through its liaison with the European Commission, relevant governmental bodies, regulators as well as local and international trade associations.
Bob Pain, chief executive of Ailo, said: “I am delighted that our organisations have cemented our long-standing connection and I look forward to working with members of Fecif and Feifa for the mutual benefit of our industry.
“It will be especially helpful to get the distributors’ perspectives on issues that affect us all.”
Paul Stanfield, secretary general at Fecif and chief executive of Feifa, said: ‘Both Feifa and Fecif have worked closely with Ailo where relevant for some time, so this now confirms and builds on that relationship.
“I think it is important for all stakeholders to work together, not least in an increasingly regulated environment, to ensure that cost-effective and highly professional advice can be delivered to as many people as possible. We look forward to working further with Ailo, especially in areas of professional development and training, where possible.’
