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ILAG is a trade body representing members from the Life Assurance and Wealth Management Industries

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Membership Categories and Subscriptions

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Members

1.

Product providers and/or distributors of financial services products

2.

Those supplying outsourcing services for any of the traditional life office functions, such as administration, underwriting, claims and distribution

3.

Those providing ancillary services to the financial services industry including actuarial and legal

  1. Product providers and/or distributors of financial services products subscriptions are based upon:

    New business premium volume, counted for PRA subscriptions, and is the sum of the following:
    Ten percent of single premium life business = XX
    Ten percent of unit trust sales = XX
    Ten percent of premiums collected on group pensions business = XX
    Full regular premium life and pensions business = XX
    Ten percent of other regular premium business = XX

    Guaranteed income and growth bonds are only counted in at half the single premiums.

    The bands for Practitioner Membership fees are:
    Band A = up to £5 million* £5,724
    Band B = Over £5 million and up to £15 million* £8,475
    Band C = Over £15 million* £10,662

    * Premium income or turnover

  2. Where a member provides outsourcing services, does not receive premium income, and so cannot base subscription on the formulae above, the middle band is payable £8,313
  3. Those providing ancillary services £5,615

Other (associate)

1.

Small Company

3 - 7 named partners participating in ILAG activities £2,675
2.

Individual

Sole traders, or individuals who trade as the sole director of a limited company £595

How to Join Membership
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