Trade body for mutuals launched

clock

The Association of Friendly Societies (AFS) has voted in favour of merging with the Association of Mutual Insurers (AMI), to create a new trade body representing the UK's mutual insurance sector.

The decision to merge the two associations was taken in part due to the significant overlap between membership. Its proposed merger will now be put to a meeting of the AMI and subject to approval, the new combined mutual trade association is expected to be fully operational from early next year. Newly appointed AFS president Paul Hudson comments: "This is an important move which will lead to the formation of a single trade association for mutual insurers. A single association will lead to more effective engagement with Government, the regulators and other policymakers." "It also me...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Listen and learn: Protection must change how it communicates

Listen and learn: Protection must change how it communicates

'Maybe it's time we start to make fewer assumptions'

Kevin Carr and Alan Lakey
clock 30 April 2024 • 4 min read
Cognitive biases in advice and the psychology of insurance

Cognitive biases in advice and the psychology of insurance

A look into client decision making and its effects on protection uptake

Jaskeet Briah
clock 25 April 2024 • 5 min read
Aviva completes £460m acquisition of AIG Life after CMA delay

Aviva completes £460m acquisition of AIG Life after CMA delay

'It's disappointing to lose another protection insurer from the market'

Cameron Roberts
clock 10 April 2024 • 2 min read