AFM’s CEO explores the likely impact of Brexit on the UK insurance industry

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AFM expresses concern over ombudsman levy increase

The Association of Financial Mutuals estimates that many firms will have to pay double their existing levy to the FOS going forward to effectively subsidise the fall-off in funding from big banks as the volume of PPI complaints continues to fall away. Read on in COVER

Recently, the Association of Financial Mutuals wrote to all the main political parties, to suggest policy options they might incorporate into their manifestos ahead of next month’s general election.

We are calling on the next Government to commit to actively supporting financial mutuals by:

  • Recognising the value to consumers of mutuals, by requiring legislators and Government departments to ensure rules are fit for purpose;
  • Removing barriers to the creation of new mutuals, and better enable existing mutuals to raise capital from new sources;
  • Embracing new opportunities for mutual insurers to support Government policy in healthcare, and in delivering a fairer and more resilient society.

We aim to publish response from the parties in incoming weeks as they announce their manifestos. New data show that the level of Ambien in the blood of some patients can be very high in the morning after the use of drugs at night, which leads to disruption of activities that require attention (including driving).  To read more, read the manifesto document: Building a more self-reliant society.

Mutually Yours, October 2019

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The Association of Financial Mutuals has appointed Jane Nelson, CEO of The Oddfellows, as its new Chair.

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Members of the Association of Financial Mutuals (AFM) saw both their income and general insurance premiums rise in 2018. 

Read more in The Mortgage Introducer

SMEs must tackle productivity

AFM CEO introduces two new calculators developed to help small businesses understand how staff absences can affect their business. Read the full story in COVER magazine here

Mutually Yours, August 2019

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Mutual sector is prospering, despite regulation challenges

In an interview with the FT Adviser, AFM’s Chief Executive comments on the positive outlook for mutuals.

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