Barbados Investors & Policyholders Association gets tougher in its quest to recover fees of FPA’s & EFPA’s: BIPA now has backing of Barbados Association of Retired Persons
Following a recent meeting between The Barbados Association of Retired Persons (BARP) and The Barbados Investors and Policy Holders Alliance (BIPA), the Board of BARP has decided the association will be joining BIPA.
President of BARP, Edward Bushell, stated that a significant number of BARP members have policies with both Clico and British American Insurance Company (BAICO), and indeed the Association itself has investments with both companies. Bushell feels it therefore makes sense for BARP to ally itself with BIPA, which is currently planning structured legal approaches in an effort to retrieve funds on behalf of its policyholding members.
Chairperson of BIPA, June Fowler, expressed that BIPA is very happy to have BARP on Board as it strengthens the Alliance’s position and profile. The two organisations are looking forward to working together in the interests of their respective members.
BARP is encouraging those of its members who are Clico and BAICO policyholders, some of whom have invested their life savings in the two troubled companies, to join BIPA as individual members as soon as possible so that their interests and rights can be more effectively represented. More information on membership of BIPA can be found at www.thebipa.net or by calling 230-1026.