Police Mutual (PMAS) offers exclusive guarantees
With uncertainty surrounding the UK's police sector following
organisational changes and wider spending cuts, Police Mutual
(PMAS), the UK's largest affinity friendly society is encouraging
police officers and staff to save for the future by providing its
investors greater peace of mind through a unique set of guarantees
on its investment plans.
Police Mutual customers investing in the Guaranteed ISA (GISA)
can benefit from an exclusive double guarantee:
Guarantee 1
Police Mutual has promised to restore investments back to their
original value after five years from the end of the tax-year
invested in if the value of investments made in each tax-year has
decreased because of unfavourable market conditions.
Guarantee 2
Police Mutual has also promised to lock in any growth achieved
in each tax-year's investment after five years from the end of the
tax-year invested in. So at the end of the second five year period,
the value of the investment is guaranteed not to be less than the
new increased guaranteed amount.
Regular Savings plan
When customers have decided how much they want to save and for
how long, Police Mutual will guarantee a minimum amount that will
be paid out at maturity.
Stephen Mann, Police Mutual's Chief Executive, said "Police
Mutual works closely with the UK police service and we understand
the uncertainty many officers and staff feel with cuts in public
sector spending taking place. We hope that by offering these
guarantees, customers will find they have a secure and reliable
home for their savings, with access if they need it."
Ends
For more information please contact:
Jo Cardwell
Corporate Communications
Police
Mutual Group
T: 01543 305323
E: press.office@pmas.co.uk
Notes to
editors
Police Mutual Assurance Society
Police Mutual was founded in 1922 to provide welfare and
financial support for police officers.
It is the UK's largest affinity friendly society with almost
£1bn funds under management and has around 220,000 policyholders
among serving and retired police officers, staff and their family
members.
Police Mutual is owned by, and run by, members of the police
service. Its Committee of Management includes representation
from all police ranks to ensure that decisions reflect the needs of
the service as a whole.