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 £10bn 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. Scottish Friendly chair John McGuigan said: "This is a powerful...
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