View more on these topics

Engage Mutual and Family Investments set for £6bn merger

Mutual insurers Engage Mutual and Family Investments are set to merge into one of the UK’s largest mutual groups.

The new insurer would have more than two millions customers and assets under management of around £6bn. The deal will only be confirmed once both Engage and Family customers – who own the firm – agree to the merger when it is put to a vote in the next few weeks.

Engage chair Christina McComb is expected to chair the new organisation, with Family chief executive Simon Markey as chief executive.

McComb says: “We believe that combining our businesses would demonstrate the value of the mutual model through consolidation of our considerable individual financial strengths while maximising joint skills and capabilities to deliver a broader range of products and services to help families of all ages at key life stages.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm