SIIAP (Services Insurance and Investment Advisory Panel)

SIIAP (the Services Insurance & Investment Advisory Panel) is an advisory panel of regulated insurance and independent investment advisers. They all specialise in offering services to members of HM Forces and regulated by the appropriate authority in the United Kingdom, therefore offering full compensation rights to clients whether serving overseas or in the UK. A Code of Practice setting out the standards of service required from all members of the Panel is available to clients. This, together with a list of current Member Firms, is available to all Service personnel at Unit Pay offices, Regimental Admin offices and at Personnel Management Squadrons - via Defence Council Instructions. The Panel consists of companies who have specialist knowledge and experience in the provision of Insurance and Investment advice to individual members of the Armed Forces. These range from small 'one-man' bands through to national institutions with dedicated military departments. The organisation provides a useful link between these brokers, intermediaries and IFAs and the Ministry of Defence. Therefore any problems or issues that arise, due to the unique lifestyle of Service personnel, can be identified and resolved. A seven strong Management Committee handles the day to day running of the Panel.