It was up against the Institute of Civil Engineers and the Energy Retail Association.

The judges noted that the trade body had a clear track record of delivering ‘wins’ for its members.

The Rt Hon. John Gummer MP, independent chairman of AIFA, said: &quotWe are delighted to have our work recognised in this way. I am grateful for the extraordinary hard work of the executive team who go into battle for our members on a daily basis.

&quotReducing the fee burden on intermediaries by £11.7 million, campaigning for a positive outcome in the RDR, and producing such an insightful report on the future of retirement planning are just three of the major successes for AIFA in the last few months. But these would not have been achieved without the action and support of our council and boards. We really are only as strong as our members want us to be and we need their continued support to ensure the voice of the IFA profession is heard loud and clear.

&quotOf course, for this award to be won in our 10th anniversary year also adds an extra dimension and makes it an even more special tribute.&quot