Mutually Yours, December 2017
This edition features:
- 2017 in perspective
- Changing Corporate Governance Expectations
- Member Updates
- Newest AFM Associate Member
- Taking Control of Your Data
- Events and Training
AFM members contribute over £400 million a year to savings in the NHS and welfare state, as well as employers and individuals
New research commissioned by AFM, and delivered by OAC, assesses AFM members save society over £400 million a year. Insurance Premium Tax threatens the savings cash plans provide to the NHS, and the report explores how an exemption could increase savings to NHS by more than the reduction in tax collected.
For more details, click here.
New report by ICMIF and AFM charts recent success of mutual insurers
During the recent AFM Conference, we launched a new report, produced in association with sister trade body ICMIF, which shows that mutuals have grown premium income by 66% since 2007, whilst the UK insurance sector as a whole has seen premiums shrink.
For the full report, click here
Mutually Yours, October 2017
The latest newsletter of the Association of Financial Mutuals includes:
- a full summary of AFM's 2017 conference;
- AFM Board directors 2017-18; member news;
- news of three new Associates; and
- details of forthcoming events.
Click here to read Mutually Yours
AFM Conference 2017
Another exhilerating conference has finished. We will be providing a full report in our next edition of Mutually Yours; in the meantime, slides from the event, and photos can be downloaded from the AFM website.
2017 AFM Corporate Governance Report
Each year we report on the standards of corporate governance within our sector. The latest report is now available on our website, along with other governance reports and our code.
To view the report, click here.
Mutually Yours, August 2017
Click here to read Mutually Yours. This month's articles include:
- Brexit: implications for mutual insurers?
- Not long now to the AFM conference
- New report on board culture in AFM members
- Member statistics
- Big changes in data protection, follow link to article
- Member news
- New Associate member
- Events for AFM members
Views from the top
AFM has released a new report, commissioned from Independent Audit, to assess culture in the board of mutuals. The report shows a high level of confidence that board culture has a positive impact on decision-making for the benefit of customers and staff in mutual organisations.
Mutually Yours, June 2017
This edition of our newsletter includes the following items:
- All Change in Westminster?
- AFM Conference 2017
- Regulation: nothing but blue skies?
- Ethical dilemmas in insurance
- Member update
- Events
AFM responses to FCA on IDD implementation
The Insurance Distribution Directive makes significant changes to the way insurers provide information to customers about products. FCA is issuing two consultations on this in 2017: our response to the first one can be downloaded here.
AFM Mutually Yours, April 2017 out now with all the latest on financial mutuals
This month’s Mutually Yours includes articles on:
- All change in Westminster?
- New AFM initiatives
- New Associate member
- AFM Member news
- Governance in our members and in the AFM
- Coming up… AFM conference and events
- For your reading pleasure
For AFM member news, click here.
AFM responds to EIOPA on complex insurance-based investment products
AFM has issued its response to European insurance regulator EIOPA on its consultation on complex insurance-based investment products. We welcome the pragmatic approach taken, but recognise there is still scope for home regulators, including FCA, to take a less helpful approach. We are concerned this would affect thousands of consumers who purchase products from financial mutuals.
For our full response, follow this link.