IFA Promotion managing director Ann-Marie Martyn is poised to quit amid
reports she has proposed taking IFAP into a dotcom operation she is set to
Martyn called an urgent meeting last week to tell the board she has been
offered a position at an internet company involving former Money Marketing
IFA of the Year Roland Rawicz-Szczerbo of Quay Associates.
Martyn wants to take IFAP with her and is offering to give IFA a free website.
Sources say theyexpect Martyn to quit if the pro posal is rejected.
It is also understood IFAP non-executive chairman Douglas Claisse has been
offered a role in the start-up.
Sources say the proposals are unlikely to go down well with IFAP sponsors,
with many paying between £150,000 and £400,000 a year each. Providers
believe a third-party tie-up will bring a conflict of interest.
Not all board directors attended the last-minute meeting and a full
meeting is planned to make a decision.
Scottish Amicable sales & marketing director John Cowan says: “I attended
a meeting where proposals were put to the directors about the future of
IFAP in conjunction with a third-party dotcom. It is disappointing the way
it is being handled.”
Sofa spokesman Robert Reid says: “The whole IFAP position must be up for
debate because we are dealing in a completely different marketplace today.
There are now so many ways to find an IFA.”
Martyn and Claisse were unavailable for comment. Rawicz-Szczerbo refused