Mutual landscape report: growing the market

Earlier in December this year, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) released a joint report into the landscape of financial mutuals in the UK. It details goals for the sector, including doubling its size and implementing support units for new and expanding businesses. The report focuses on building societies, credit unions and mutual insurers, with plans to grow the three pillars a theme throughout the regulators' statements. Andy Morris, CEO, Cirencester Friendly, said that he and the Association of Financial Mutuals (AFM), "welcomed" the re...