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Mutuals
Mutuals
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MutualsWhy mutuals matter: Sector stands up at fintech conference
'It’s vital that our economy is not dominated by corporations that only act in their own interests, creating systemic risks to the economy'
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FinancialBuilding societies bring mutual values to bear on economic crisis
'The culture, behaviour and decisions made by building societies, credit unions and co-ops are different because of their different ownership business model'
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Credit UnionsCredit union legislation granted royal assent in Parliament
The Financial Services and Markets Act 2023 is 'pivotal' for credit unions – but fails other areas of mutual regulation
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MutualsSocial Market Foundation calls for more action to support mutual sector
Information campaigns to raise public awareness and new capital instruments could help the sector meet its potential, the thinktank says
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MutualsBoost for mutual sector as building societies beat banks on savings balances
'In 2022, building societies offered higher savings rates than those in similar accounts with the major banks'
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BusinessEuropean launch for BCCM’s new tool to measure value of co-op businesses
Mutual Value Measurement was developed after a two-year research project led by Monash University involving 13 Australian co-ops and mutuals
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LegalTrouble at John Lewis casts new urgency on question of mutuals reform
'The challenges facing John Lewis only underline the limited capital-raising options for successful, sustainable co-op and mutual businesses'
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MutualsFCA updates Mutuals Public Register with new digital functions
Changes include the digitisation of records, easier search functions and more accessible guidance
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Banking and InsuranceInsurer LV= to join Association of Finance Mutuals
'The AFM Board has been impressed by the LV= leadership’s commitment to maintaining strong mutual credentials'
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Banking and InsuranceNew chief of LV= pledges support for principles of mutualism
David Hynam, who took over after the failed bid to sell the insurer, also gave his backing to the mutuals bill tabled in Parliament
