The review will also encapsulate the Association of Mortgage Intermediaries (AMI) and the Association of Finance Brokers (AFB). The review was announced by Stephen Gay, the new director general of AIFA, AMI and AFB, during his first few days in the job.
The review aims to appraise and set the objectives for all three organisations, defining their purpose and also their value to members. The review, which will take approximately three months to complete, will be led by Stephen Gay with support from the executive team.
Stephen Gay, Director General of AIFA, said: "AIFA has done a great deal under the leadership of Chris Cummings to influence the shape of the future regulatory landscape and to deliver services that assist members in the operation of their businesses. This is now an opportune time to review the organisation; its vision and direction of travel. We must establish what we do for whom; what it costs; how we add value; and who funds the organisation.
"With the changing economic, demographic and regulatory landscape and with the European agenda coming to the fore, it is important that we take some time to appraise AIFA's role and what the organisation does for its members. We need to set out a vision for the future."
Although structure and implementation of the review is still being determined AIFA will seek to engage members and Council for their input.
