Proposal for Police Mutual to become part of Royal London
Thu 30 Apr 2020
Police Mutual is proud of its long heritage serving the Police family and is ready to take the next vital step in its journey.
That next step is a proposal that the Police Mutual group of companies become part of The Royal London Mutual Insurance Society Limited (Royal London).
The proposal would mean the transfer of Police Mutual to Royal London, the UK’s largest mutual life insurance, pensions and investment company. Royal London is a strong mutual organisation that has committed to our goal of improving the financial wellbeing of the Police and Military families.
We believe the proposal preserves what our members, colleagues and the Police service value most about Police Mutual.
There will be no change to the terms of members’ existing products.
Preserving our brand and our purpose
The proposal will provide a sustainable future for Police Mutual, and preserve our brand and purpose, creating a new chapter in our long and evolving history.
The proposal would make us part of a larger, stronger business that has a broader business mix, and which offers a wider range of products. This partnering with the UK’s largest mutual insurer gives the opportunity to create better customer offerings and will allow improvements in service and propositions and wider support of the Police family.
Why the proposal is good for the Police and members?
It means a continuation of our work with the Police service and broader Policing organisations to improve the financial wellbeing of serving and retired Police Officers and Staff and their families.
We will write to our members and customers with more information in mid-June, following a vote on the proposal by the Force Authorised Officers (FAOs).
Type of article: News
Category: Police Mutual news
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