The Global News Hub for Co-operatives
22 May '12

Content about Co-operative Financial Services

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United KingdomWelcome to the International Year of Co-operatives

January 1st is the beginning of a year-long schedule of activities to raise the profile of co-operatives during the United Nations' International Year of Co-operatives.

(0)International Year, Global News

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Global NewsMutuals merging from strength

In 2009 the UK organisation The Co-operative Financial Services (CFS) merged with Britannia Building Society. This was the first merger possible under a new UK law (the Butterfill Act) of two distinct mutual organisations. During the recent ICMIF Conference Paul Flowers, Chair of the Co-operative Banking Group (CBG – the new name for the merged organisation) reflected on the merger and the longer process of integration of the two organisations and especially upon the cultural challenges ...

(0)Banking and Insurance, Consumer, Democracy, Financial, Social Enterprise, Economy

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United KingdomICMIF Conference: Cultural differences must not derail mutual mergers

Mergers of mutuals can deliver major benefits, with cultural differences between merged bodies overcome by stressing those benefits, Paul Flowers, chairman of the newly renamed Co-operative Banking Group, told the ICMIF conference.

(0)Banking and Insurance, Economy
Britannia part of the co-operative bank

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United KingdomBritannia receives Co-operative Bank facelift

Britannia branches will receive a rebrand to bring it closer to its parent brand, the Co-operative Bank, while Co-operative Financial Services has been renamed to The ...

(0)Banking and Insurance, Business, Consumer, Democracy, Financial, Regional Organisations, Social Enterprise, Economy

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Global NewsCo-operative Group's Secretary joins 'inspirational' women

Co-operative Group Secretary Moira Lees was chosen as one of 50 inspirational women in Manchester to mark the anniversary of International Women's Day.

(0)Banking and Insurance, Consumer, Financial, Social Enterprise, Economy

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Global NewsFour Big Ticks for the Group

The Business in the Community (BiTC) Excellence Awards 2010 has awarded the Co-operative Group four Big Ticks for the positive impact of the society’s corporate ...

(0)Banking and Insurance, Consumer, Democracy, Financial, Social Enterprise, Economy

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Global NewsMarks salutes year of change

The Co-operative Group has announced record sales and profits for what Chief Executive Peter Marks says has been a transformational year for the Group and an historic one for the ...

(0)Banking and Insurance, Consumer, Financial, Social Enterprise, Economy

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Global NewsNew-look CFS ready to take on the banks

The new £70 billion CFS ‘super-mutual’ which became a reality on August 1st following the Britannia Building Society’s merger with Co-operative Financial ...

(0)Banking and Insurance, Consumer, Democracy, Financial, Social Enterprise, Economy

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Global NewsBig Debate will add a new look to Congress '09

Congress weekend will have a new look this year after the board of Co-operatives UK decided to change the format of the set-piece proposals section to give more delegates the chance to make their views known on relevant issues.


(0)Banking and Insurance, Co-operatives, Consumer, ICA, Democracy, Financial, Regional Organisations, Social Enterprise, Global News

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Global NewsCFS profits up by 6.3%

CO-OPERATIVE Financial Services has reported a 6.3 per cent increase in profits for the year ending January 12th. Total shareholder profit before tax, investment fluctuations, significant items and membership dividends was £ 155.4m compared to £ 146.2m the previous year. CFS say the general insurance business delivered an outstanding business performance despite the considerable claims costs (£ 37.9m) incurred from exceptional weather events during the first half of the year.

(0)Banking and Insurance, Consumer, Democracy, Financial, Social Enterprise