The Association of Pension Fund Administrators (APFA) was recently formed in Gibraltar to provide a forum to promote best practice amongst local firms that are involved in the administration and operation of pension schemes.

David Erhardt of STM Fidecs Life, Health & Pensions Ltd has been appointed Chairman, Steven Knight of Castle Trust & Management Services Limited Vice Chairman, and Jane Caulfield of STM Fidecs, Honorary Secretary.

David Erhardt commented “We are keen to maintain the reputation of Gibraltar as one of the leading financial centres. Gibraltar has seen a rapid increase in the demand for pension schemes and related services and we are keen to ensure that we fully comply with all necessary standards and regulations, both locally and internationally. We need to self-regulate where necessary and liaise with Government bodies both inside and outside Gibraltar in a seamless way.”

Hassans, Capurro Insurance, London and Colonial and ECS are the companies who have currently joined STM Fidecs and Castle Trust as members of the Association and have participated in the initial meetings regarding the setting up of the Association with great enthusiasm.