No intention of creating stand-alone protection body - APFA

clock

APFA has confirmed it has no intentions of creating a stand-alone focus on protection amid industry lobbying about the need for a more prominent, unified voice within an existing adviser trade body.

Chris Hannant, policy director at Association of Professional Financial Advisers (APFA), said APFA's model focused on adviser business as a whole rather than specific product areas but would address any issues that related to protection business as and when they came up.

He said: "Maybe I am old fashioned but trade associations are set up around business interests and I see APFA as representing advisers and things that affect their businesses across the piece. Most of them sell protection to one degree or another.

"But we look to the areas of concern for members. For example one of our main concerns is the Insurance Mediation Directive II and the effect on protection in that way."

But he added the body has no plans to set up a particular focus on just protection.

Hannant said if a stand-alone body with its own aims was created in this way, there was the risk of duplication to consider.

Last week the Association of Mortgage Intermediaries (AMI) confirmed it was in talks with industry people to build its own focus on protection within the existing body.

Chris Hulme, director at the Clayton Hulme Partnership, said: "I can see where both bodies are coming from. Protection tends to be sold by those in the lending arena rather than generalist IFAs who are more focused on things like investments.

"We do need a unified voice in the industry and it would fit better with AMI. It would make absolute sense."

He added the industry needed to come together better and have a stronger active voice when it came to concerns over regulation.

Author spotlight

Nicola Culley

More on Adviser / Broking

Rosemount adds MetLife UK to panel

Rosemount adds MetLife UK to panel

Members to access MetLife's protection products

Jaskeet Briah
clock 16 April 2025 • 2 min read
Reassured invests in behavioural science

Reassured invests in behavioural science

Project with Unconventional Wisdom

Cameron Roberts
clock 15 April 2025 • 1 min read
Rosemount launches adviser portal

Rosemount launches adviser portal

Centralised educational hub

Jaskeet Briah
clock 11 April 2025 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read