Fiona McBain
Fiona is Chief Executive of Scottish Friendly Assurance Society Limited (SFA). SFA is a mutual financial services group, providing a wide range of life assurance and savings products; in addition SFA administers wrap platforms for third parties.
Background
A chartered accountant with audit experience in the UK and the USA, Fiona has over 25 years experience in financial services, working with a range of providers, products and distribution models. She became Chief Executive of SFA in January 2006.
Fiona is strongly committed to protecting and progressing the principles of mutuality. She is a director of AFS (Association of Friendly Societies), a director of AMI (Association of Mutual Insurers), and chair of the Association of British Insurers LIC (Life Insurance Committee) Members Forum.
Fiona was awarded the title of Scottish Enterprise female director of the year by the Institute of Directors (Scotland) in March 2007 and was also Glasgow Business Leader of the Year in November 2008.
Particular areas of interest on the Panel
Fiona particularly looks to raise issues and concerns of small mutuals on the SBPP. She feels these can be too easily overlooked by the current regulatory regime, even though it is the small mutual sector that is driving forward Child Trust Funds (CTFs) - one of the most important financial inclusion policies for a generation. In addition she is keen to give a voice to mutuals which are struggling against capped income levels with increasing regulatory/cost burdens.
