A new financial association was launched on Tuesday 13th April at the Claremont Hotel.
The Financial Planners and Insurance Brokers Assocation (FPIBA) has been formed with several aims in mind: to provide a forum for discussion of matters of common interest to members; to act as a representative body for the members with government and regulators when needed; and to encourage the ongoing achievement of high standards and ethical business conduct.
At the launch, the formation and election of officers and committee members was finalised:
Chairman - Stewart Murphy (Westwinds Financial), Deputy Chairman - Kevin Wood (Conister Bank), Secretary - Dave Smart (Blackfords and Treasurer - Steve Costain (Costain Insurance Consultants).
The additional Committee members are: Jonathan Corlett (CTH), Tim Rattray (Rossborough Insurance), Sharon Sutton (Thornton Associates), Simon Pickering (CFS Consultants), Gerald Chase (Financial Options) and Nigel Gregg (MAC Financial).
The FPIBA will hold regular meetings with both the FSC & IPA to discuss contemporary issues, and offer a collective response to regulatory matters and consultation documents.
FPIBA representatives have already been invited by Paul Heckles, Head of Enforcement at the FSC, to join the Joint Anti Money Laundering Advisory Group (JAMLAG).
They met at the beginning of April and unanimously approved inviting the FPIBA to future meeting and join the consultation process of replacing the Criminal Justice (Money Laundering) code 2008.
They are already part of the consultative group dealing with the taxation of investment for Isle of Man residents put together by the Tax Office, been consulted as an interested party on the Reciprocal Health Agreement, and other governmental bodies.
The FSC and IPA have expressed their satisfaction that the body has been formed.
Pictured: (back row, l-r) Kevin Wood, Steve Costain, Dave Smart and Jonathan Corlett; (front row, l-r): Nigel Gregg, Stewart Murphy, Sharon Sutton, Tim Rattray and Simon Pickering.
Photograph courtesy of Isle of Man Newspapers.
