Mutuals Group calls on government to remove barriers for growth

Recently, the Law Commission published a consultation paper as part of a review of the legal framework for friendly societies, stating that the current law governing friendly societies is "fragmented, outdated and in need of modernisation", with the last major update was in this area being in 1992. Friendly society law "has not kept pace" with developments in related areas such as company law and financial services regulation, the commission stated. The MCT Group has now commissioned a report, Harnessing the Mutual sector's potential for growth, showing that addressing financial barri...