The Association of Policy Market Makers (APMM) consists of 5 member firms specialising in the buying and selling with-profits endowments and whole-of-life policies.
The Association was founded in April 1992 to:
- Offer policy owners and financial advisers a central location to access the leading market makers in the industry, enabling you to achieve the best price for your policy.
- Promote awareness and understanding of the TEP market.
- Ensure that the highest professional standards are maintained by members and that they adhere to the Association’s Practice Guidelines.
The APMM and all its members are regulated and authorised by the Financial Conduct Authority (FCA). They all have well established trading records and also carry Professional Indemnity Insurance.
Association members source and analyse appropriate policies, which are then offered for sale as investments. Apart from one auctioneer, the members are Market Makers – buying or selling on their own account or as agents for third parties on whose behalf they have authority to exercise discretion.