IAAF’s Breakfast network meeting proves popular

The IAAF’s recent Breakfast Network Meeting was a hit with the independent aftermarket, providing members with an update on its latest activity as well as delivering essential advice on retention of title (ROT) and corporate fraud, given the recent increase in fraud cases.

Held at specialist training centre, GTG West Midlands in Wolverhampton, the event welcomed 30 members to receive expert advice from Colin Fyles of Financial and Credit Insurance Services Limited.

After attendees networked over breakfast snacks and hot drinks, representatives from GTG kicked off the proceedings, introducing the benefits of the training facility to the automotive industry.

IAAF chief executive, Wendy Williamson then opened the meeting, welcoming members and providing an update of the federation’s latest activity, including showing a short video by FIGIEFA explaining the issues and danger surrounding the ‘connected car’ and how vehicle manufacturers can utilise the technology to exploit motorists’ right to choose.

Williamson also discussed the success of IAAF’s new website, explaining the various member benefits such as the exclusive products and services in the ‘member only’ section. The website allows members to engage in a securer, more eco-friendly way. For example, for the first time ever, members were able to vote for the IAAF Annual Award Ceremony in 2015 using the digital platform. Williamson urged members to use the website’s hub of information to their benefit.

Looking ahead to 2016, Williamson also summarised IAAF’s plans moving forward, including its presence at a number of trade shows across the country, such as The CV Show and Automechanika, Birmingham, as well as announcing the date of the BEN charity cricket match on June 23rd.

Gavin Moffat from Euler Hermes, the world’s leading trade-related insurance provider, then shared his expertise regarding retention of title, helping IAAF members to protect their balance sheet.

Although retention of title is an enforced right, Moffat emphasised that it is not an obligation, urging members to examine each particular case thoroughly to ensure it is worth acting upon after considering transport, labour, and other costs.

Byron Willetts, also from Euler Hermes, engaged with members, outlining the different types of corporate fraud and potential areas that criminals target. Willetts shared a range of case studies, advising members what to watch out for and how to avoid becoming a victim, as well as how to combat any potential threats.

Williamson said: “It was extremely worthwhile bringing the industry together and updating our members on the threats the aftermarket is facing and IAAF’s latest activity to combat the issues.

“The turnout was fantastic and we would like to thank our speakers for sharing their expertise. Financial and Credit’s service is a real benefit to IAAF members and we urge all members to use this valuable resource.”