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BIBA History
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BIBA was founded in 1977 to represent the independent insurance broker. In 1988,
following the introduction of the Financial Services Act, the organisation extended
its membership to include Independent Financial Advisers, and became the British
Insurance and Investment Brokers’ Association – BIIBA. |
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In 1994, the UK’s Independent Financial Advisers were coming under increasing pressure,
which led to calls for the creation of an association dedicated to representing
their interests. As a result, BIIBA was the driving force behind the establishment
of its sister organisation, the IFA Association. |
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In September 1999, the organisation removed the word ‘investment’ from its title,
and reverted to the name BIBA. Today, it is the largest broker organisation in the
UK, and has established itself as the industry’s most powerful and authoritative
voice.
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