Who is eligible to join?
The Panel requires all Member Firms to be fully authorised and regulated by the Financial Services Authority for all relevant classes of insurance and/or investment business transacted.
Member Firms must have specialist knowledge and experience in the provision of Insurance and/or Investment advice to members of the Armed Forces and show that they have the knowledge, expertise and ability to service Armed Forces clients effectively.
"Whether the company is based in Germany, Cyprus, Northern Ireland or mainland UK - SIIAP provides an effective communication platform with key MoD personnel for issues to be aired/resolved."
What's in it for the companies?
To differentiate their company from 'just another organisation providing financial services' membership of SIIAP will demonstrate to customers that they are experienced in Service issues.
Membership will also demonstrate to influential Unit Officers that they are committed to providing products that are compliant with the needs of Service personnel. To this effect we will produce a list of Member firms for distribution by MoD to all Units. This will also be communicated directly to customer information points (e.g. HIVEs etc.) and through the Internet.