| About the Investment and Life Assurance Group (ILAG Limited)
History
The Investment and Life Assurance Group (ILAG) is a representative trade body which acts as a forum for producers or distributors of life and health protection insurance and of pension and investment products. It seeks to:
- Promote understanding of the regulatory, legislative and market environment in which members operate
- Provide a vehicle for members to exchange views and information
- Engage and build relationships with regulatory, government and industry bodies
The objectives are:
- To be a positive influencing force within the industry and with regulators and government, giving trusted advice and guidance from the practitioner point of view
- To provide frequent forums for education, discussion and exchange of views between members
- To provide a voice for members issues and concerns by the facilitation of representations and consultation responses.
The Group was formed in 1972 as the Linked Life Assurance Group and initially focused on unit linked matters.
By 1994 our interests and those of our members had diversified and we changed the name of the Group to the Investment and Life Assurance Group.
We now represent members on all aspects of packaged products, other long term insurance business and health insurance in the UK.
In January 2008 ILAG became a company limited by guarantee, ILAG Limited.
Membership
Members are:
Product providers
Those supplying outsourcing services for any of the traditional life office function, such as administration, underwriting, claims and distribution
Those providing ancillary services to the financial services industry including actuarial and legal
These are legal members of ILAG Limited with voting rights at General Meetings.
Associate members are:
- Small Companies with, typically, three to seven named partners participating in ILAG activities
- Individual - sole traders, or individuals who trade as the sole director of a limited company
These are not legal members of ILAG Limited and have no voting rights at General Meetings.
Membership is by annual subscription.
ILAG Activities
ILAG runs a busy programme of seminars, workshops and forums and also facilitates discussion groups and debates. We attract high quality speakers from government, regulators, industry bodies and market practitioners.
ILAG technical events are free and exclusively available to our members.
We are proud of our practitioner base and much of the technical work is carried out within the Practitioner Groups. Currently ILAG has the following Practitioner Groups, Focus Groups and Discussion Groups.
- Distribution PG
- Financial Reporting Standards PG
- Health and Protection PG
- Innovations in Technology PG
- Investment Products PG
- Pensions PG
- Regulation PG
- Savings Strategy PG
- Taxation PG
- Prudential Regulation FG
- NEWCOB FG
- Retail Distribution Review FG
- Treating Customers Fairly FG
ILAG Administration
ILAG is governed by a Board elected annually from the membership.
ILAG operates a virtual office with a small administration team that supports and manages the work carried out by the Practitioner Groups.
How to Join
If you would like to join ILAG, or need more information, please contact:
Sue Rice
Group Director
01952 630093
sue.rice@ilag.org.uk
|
