Royal Bank of Scotland Global Banking and Markets and M&G Investments have become associate members of Aifa.
Aifa director general Stephen Gay says Aifa will work with RBS to put on regional events for advisers that explore the volatility in cautious and balanced funds, while the trade body will use M&G’s specialist online TV channel iView to improve communications with members.
Gay says: “We look forward to working with both organisations in the future. By joining Aifa they are demonstrating their ongoing commitment to the IFA profession. At such an important time for IFAs, we are delighted they are pledging their support to our members.”
The two companies join 16 other associate members including Aegon, J.P Morgan and Prudential.
The standard charge is £19,000 a year and although it opens opportunities to sponsor Aifa events as well as to meetings with the association’s director general it does not make the organisation a voting member.
Aifa director Robert Sinclair says: “Associate members join us because intermediaries distribute their products and they see the value in a strong trade body because we co-exist. They want effective distribution that works for them and we believe we should have strong industry partners who deliver products for us.”
RBS Global Banking and Markets managing director Zak de Mariveles says: “RBS is delighted to be working so closely with Aifa and its members, with a commitment to supporting the IFA community as we strive to offer greater investment choice to IFAs and their clients.”