The Association of Brokers and Yacht Agents (ABYA) and the British Marine Boat Retailers and Brokers Association (BRBA) have formed a new alliance.
The partnership builds on the existing collaboration between the two associations, aiming to further support the brokerage industry and their customers.
“Our collaboration over the past year has shown the immense potential we have when we work together,” said Alastair Walton, BRBA chair.
“By more formally aligning our efforts, we can drive forward the standards of the brokerage industry whilst, providing greater value and support to our members.
“This partnership not only cements our existing relationship but also paves the way for innovative initiatives that will benefit the entire industry.”
Professional standards
One of the initial focuses of the new partnership will be to establish relationships with key members of the new government in HM Treasury to provide an understanding of the ongoing issues facing brokers.
This will be backed up by reviewing opportunities to look at sharing resources around issues such as Know Your Client protocols.
Medium-term objectives include joint lobbying efforts, particularly concerning pooled client accounts, a standardised approach to evidencing VAT payments, and the creation of a joint industry marketing plan.
The partnership also aims to establish a certified pathway for broker training.
“This alliance is a significant step forward in our mission to uphold and enhance the professional standards within our industry,” said Peter Norris, chair of the ABYA regulatory committee.
“By working together, ABYA and BRBA can leverage our combined expertise and resources to tackle the challenges facing the marine industry and ensure cost efficiencies for both organisations.”
