John Westwood, managing director and founder of The Blacktower Group, has taken up the post of chairman at FEIFA, the Federation of European Independent Financial Advisers, following the trade association’s AGM on September 21.
Following two years as an executive committee member, John says he is both pleased and proud to take on this important role.
“I am looking forward to the challenges ahead, particularly as the UK faces the prospect of Brexit and all the change that this may bring about for the financial services sector. FEIFA exists to benefit members and consumers alike, and aims to ensure both are protected under the stringent legal and regulatory framework in place for our industry. As the UK’s withdrawal from the EU goes ahead, IFAs will be at the forefront in ensuring consumers financial dealings are secure,” John says.
FEIFA was set up in the wake of the global economic downturn which commenced in 2007. FEIFA only accepts IFAs and financial services companies “following a formal and rigorous vetting and due diligence procedure which assures consumers that its members uphold legal and regulatory requirements in all day-to-day activities”.
Paul Stanfield, chief executive of FEIFA, said: “Following the Brexit vote we will no doubt see significant change in our world over the next 12 months and beyond. FEIFA will ensure that our members are kept fully informed and advised during the whole process, and John’s know-how will be invaluable in this.”
John Westwood has over 30 years’ experience in the financial services sector and has built up one of the longest standing wealth management companies in the UK/EU and latterly the Caribbean, providing advice to expats on all manner of financial decisions, from pensions, tax solutions to equity investments.