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Scottish Widows has announced its panel of judges for the 2008 Widows Awards, which celebrate IFA talent.

This year marks the third year of the awards, which are judged by four independent people who represent differing outlooks of the IFA market. Each judge suggests two names for each category and the eventual winners are decided at a special meeting.

On the panel is Tom Baigrie, chief executive of London-based Baigrie Davies, who scooped the Industry Initiative of the Year prize in 2006.

One of his colleagues is Nick Cann, chief executive of the Institute of Financial Planning, who also sits as a delegate on the Financial Planning Standard Board CFP Council.

The remaining two judges are Matt Ward, principal consultant for pensions & wealth management at Defaqto, and Katrina Baugh, editor of IFA Online.

There are four categories: Industry Initiative of the Year, which recognises a financial adviser who has created an initiative in financial services; the Industry Personality of the Year; IFA Newcomer of the Year and Lifetime Achievement, which honours the financial adviser who has contributed the most to financial services.

The awards will be announced at a gala dinner to be held in London’s Guildhall on 3 October, when winners will be presented with an Oscar-sized bronze replica of the Scottish Widow.