Key responsibilities

  • To maintain clear objectives for the way it responds to and seeks to influence regulation as it affects AFM members, and to assess each year how well it has delivered against those objectives;
  • To consider Consultation Papers, Discussion Papers, Policy Statements and other documents from PRA and FCA or other regulatory and government agencies, and to prepare responses as appropriate that further understanding, and appropriate regulation, of financial mutuals and of the needs for proportionality;
  • To monitor the implementation of Solvency 2 and the equivalent for non-directives, and changes in associated disciplines including accounting and audit;
  • To support the AFM in promoting and enhancing the highest standards of governance in financial mutuals, and to oversee the compliance exercise for the Annotated Corporate Governance Code, as well as to make recommendations to the Members on changes to the Code;
  • To attend meetings with regulators as necessary, to represent the interests and relevance of financial mutuals;
  • To produce regular updates for members.

Current members

  • Nickeita Ashton, Paycare
  • Marc Bicknell, Railway Enginemen’s (Chair)
  • John Burgum, OAC
  • Steve Dixon, SDA LLP
  • John Gilbert, MG Advisory
  • Bryan Hislop, MDDUS
  • Andrew Hubbard, Lumera
  • Tony Jones, The Exeter
  • Angela Keogh, Holloway Friendly
  • Milda Liuolyte, OneFamily
  • Ria Locker, Cornish Mutual
  • Sanjay Mandla, Healthy Investment
  • John Midlane, Metropolitan Police
  • Vicky Morley, The Oddfellows
  • Alak Sharma, Cirencester Friendly
  • Liz Thompson, National Friendly
  • Michael Waghorne, British Friendly
  • Edward Westrip, Mazars
  • Robert Wharton, Ringrose Wharton Solicitors
  • Martin Shaw, AFM

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