13 Feb, 2008
Nicole Blackmore -
Association of Independent Financial Advisers has denied any talks
of a merger with the British Insurance Brokers' Association
following press reports that the two bodies are in discussions.
AIFA deputy director general Fay Goddard says there have been no
formal talks with BIBA in relation to a takeover or merger.
She says: "We work closely with BIBA on relevant industry issues,
as we do with other trade bodies representing intermediaries, and
will continue to do so.
"AIFA has enjoyed a very successful 12 months culminating in the
publication of our Manifesto for Advice, which has received wide
support across the industry. The reaction to our work on the retail
distribution review and the Manifesto shows what can be achieved
when the intermediary sector presents a united front to government
and the regulator.
"We will continue to focus our efforts on influencing the
regulatory agenda to achieve the best possible outcome for our