The European Federation of Financial Advisers and Intermediaries (FECIF) has appointed Johannes Muschik as its new chairman as part of a reshuffle at the top of the Brussels-based organisation.
Muschik, who is also chairman of AFPA, the Austrian Financial & Insurance Professionals Association, replaces David Charlet who is moving to the position of deputy chairman at FECIF for the next 12 months.
Charlet is the President of Anacofi, the main French national association for financial intermediaries that he helped to found in 2004.
Paul Stanfield remains as the FECIF Secretary General, one year into a three year tenure.
Muschik said: “Evidence continually shows us that people who use qualified, professional advisers are frequently in a far better and more secure financial position than those that do not, not least in retirement”.
He added that it is imperative to avoid inappropriate, unfair and over-regulation.
“We all need to communicate much better with consumers to ensure that we achieve their aims and goals, not the objectives of politicians and civil servants”, he said.
Earlier this year, FECIF stated that it firmly disagreed with a requirement in MiFID II for asset managers to provide clients with information on inducements paid to advisers.
FECIF is a non-profit organization, chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe. It is a strong advocate for a truly single market and also the need for better not more regulation.
