Keith Churchouse: End of another mutual and change ahead?

The laws of unintended consequences

clock • 3 min read
Keith Churchouse: "As we see another mutual face a vote on its future, will this also be the turning point for more far-reaching change?"
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Keith Churchouse: "As we see another mutual face a vote on its future, will this also be the turning point for more far-reaching change?"

Chapters Financial director Keith Churchouse was a planner at Equitable Life when it closed its doors in 2000, an event he describes as a turning point. As another mutual, LV=, faces a vote on its future, will this also be pivotal and result in more far-reaching change?

It was on 8 December 2000, some 21 years ago, that the UK's oldest mutual insurance company, Equitable Life Assurance Society, first formed in 1762, closed its doors to new business. It told a great story...

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