Engage Mutual has made a minimum of £1m available to members over the next five years as a demonstration of its commitment to mutuality.
Peter Burrows, chief executive of Engage mutual, said: "This is not charitable giving or a form of Corporate social responsibility, it is a benefit we have put out there for customers. "If you are a customer of ours you can access these funds." He added that the sum available would be increased if the finances of the mutual allowed. The foundation covers two types of award, community awards and hardship awards. If member fall on hard times they can apply for one of 150 discretionary hardship...
British Friendly has become the first insurer to complete the new Disability Confidence & Awareness training by Disability Rights UK (DRUK).
Old Mutual Wealth will help people meet the escalating cost of funerals by advancing payment of the sum assured up to £10,000 across several products including its Protect range.
Defaqto has released a guide for advisers, sponsored by Aegon, which provides information on business and personal protection for small business owners.
Fiona Murphy meets Tim Stoves, managing director of Canada Life Group Insurance.