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

New life insurer for UK market: Certua Life

New life insurer for UK market: Certua Life

Authorised by FCA and PRA

Cameron Roberts
clock 16 March 2026 • 2 min read
L&G publishes 2025 results

L&G publishes 2025 results

Retail gross premium income rising

Cameron Roberts
clock 11 March 2026 • 1 min read
Royal London protection new business sales rise 17% in 2025

Royal London protection new business sales rise 17% in 2025

£771m paid in protection claims

Jaskeet Briah
clock 06 March 2026 • 2 min read