OneFamily to merge with Scottish Friendly

Combined 2.3m members

Cameron Roberts
clock • 2 min read

One Family and Scottish Friendly have announced proposals to merge, the two mutual life assurance providers will have a combined 2.3 million members and £10 billion in assets under management.

The merger, which is subject to regulatory approval, is expected to come into force in early 2027, according to the mutuals. The combined mutual will operate under the group name of OneFamily, however the Scottish Friendly brand will remain as part of a multi-brand group alongside OneFamily and Beagle Street. The two firms will continue to operate in Brighton (OneFamily) and Glasgow (Scottish Friendly) with the pair's boards committing to future investment and no immediate impact on current employees of the two brands. John McGuigan, chair, Scottish Friendly, said: "This is a power...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Guardian updates online portal for policyholder engagement

Guardian updates online portal for policyholder engagement

Real-time policy information displayed

Jaskeet Briah
clock 03 February 2026 • 2 min read
COO appointment for National Friendly

COO appointment for National Friendly

Duncan Reeves takes the role

Cameron Roberts
clock 03 February 2026 • 1 min read
ABI outlines 2026-28 strategy for insurance, long-term savings

ABI outlines 2026-28 strategy for insurance, long-term savings

Forming partnerships to prevent ill-health

Jaskeet Briah
clock 03 February 2026 • 2 min read