Police Mutual to become part of Royal London
Police Mutual to become part...
Subscribe to Newsletter

Police Mutual to become part of Royal London

10 June 2020
2574
2 min.
3
Police Mutual to become part of Royal London

The Royal London Mutual Insurance Society Limited (Royal London) announces The Police Mutual Group (Police Mutual) will become part of its company, subject to regulatory approval.
 
A vote was put to Police Mutual’s member representatives – Force Authorised Officers (FAOs) – asking them to approve the transaction. The FAOs represent Police Mutual members in all police forces across the country.  

The vote, which closed, was unanimously in favour of the proposal.  Police Mutual will now formally apply to the Prudential Regulation Authority (PRA) to transfer to Royal London.

Commenting on the news, Royal London Chief Executive, Barry O'Dwyer, said:

“Royal London and Police Mutual have complementary values and culture. Both are mutual and are committed to delivering the best value for their customers and members. Police Mutual plays a vital role in providing financial services and products to police officers and the armed forces. We are pleased to be able to provide the company with a secure future.”

John Perks, Police Mutual CEO, said:

“Becoming part of Royal London will provide a more sustainable future for Police Mutual; we need a stronger financial position to continue to operate our business – Royal London provides that financial strength.

“It will also make Police Mutual part of a larger business that has a broader business mix, and which offers a wider range of products.”

Sir Jon Murphy, Chair of Committee of Management of Police Mutual, said:

“Having worked closely with my colleagues on the Police Mutual Committee of Management (CoM) on this proposal for Police Mutual to become part of Royal London, I am very pleased that our Force Authorised Officers have supported the CoM and Managing Board’s recommendation to ensure the continued provision of financial services that are tailored to the particular needs of our affinities. Not only will Police Mutual be part of a stronger business that has a broader business mix and offers a wider range of products, Royal London’s ethos and values are remarkably similar to our own – they are absolutely the right fit.”

Kevin Parry OBE, Chairman of Royal London, said:

“I am delighted that Royal London has developed offerings that will meet the needs of police officers.  Society places great demands on the police and we are all reliant on the services that they provide to the nation.  We are delighted to be able to play our part in the welfare of the families of current and former officers and staff.”

Source: https://www.royallondon.com/media/press-releases/press-releases-2020/june/police-mutual-announcement/

Persons1 and Companies2 in the news

Group Chief Executive Officer, Royal London
1 place
Police Mutual
1 place
Section:
The best press services

PRESS RELEASES OF ENGLAND


Press releases GlobalEng.biz -this is the latest news from England companies.
The official press releases of companies in England are regularly published on the resource. You can find out the latest news of enterprises in the corresponding section on the main page. Posting press releases is a traditional and effective way to promote your business. It allows organizations to declare themselves and their products and services to the widest possible mass of the audience. At the same time, the information occasion can be any: attracting people to an event or conference, highlighting new products or personnel appointments. If your goal is to draw attention to your information, then GlobalEng.biz will become your reliable assistant in this case. Thanks to the portal, your press release will be seen by reviewers of leading online publications, customers and partners.
GlobalEng.biz allows representatives of companies and organizations in A to independently post a press release when registering on the resource. The most important feature of GlobalEng.biz.The problem is that all publications of England companies fall into the archives and will be available from the search for a long time. You just need to add a press release to the information feed.
GlobalEng.biz offers its customers a subscription service that allows companies to regularly publish press releases on favorable terms. In addition, the business portal provides an opportunity to tell more fully about the life of the company by adding photos and videos, persons and quotes of employees. All information materials have active links and will lead potential customers to your resource.
Alena Potapova

Development Director
Population
8125383388
Died this year
22985782
Born this year
56549092