Brokers’ trade body reviews code of practice

A brokers’ trade body is reviewing its code of practice to try and put to bed myths about how it operates. The Utilities Intermediaries Association has issued a call for […]

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By Vicky Ellis

A brokers’ trade body is reviewing its code of practice to try and put to bed myths about how it operates.

The Utilities Intermediaries Association has issued a call for brokers, suppliers, consumer groups and government to contribute to its review so it can make sure it has an “acceptable code”.

There has been a lot of heat lately on the subject of regulation of brokers, consultants and Third Party Intermediaries (TPIs) which are the go-between for businesses and energy suppliers.

The UIA move seems to be part of a more industry-wide look at how firms operate and are ruled, sparked by supplier E.ON bringing out a new code of conduct in July.

In the call for responses, the trade group reinforces it is “not for profit”, stating: “It was not set up by brokers and consultants but by three individuals who were none of these things and a lawyer very experienced in Trade Associations.

“It is governed by a Board that is not involved in the purchase or sale of energy, which is supported by a council comprising TPIs and suppliers elected by the members.”

The UIA asks anyone who wants to add to the review to email [email protected] by 31st August 2012.