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Exeter FS acquires further PMI assets

Exeter Friendly Society has announced it is acquiring the private medical insurance book of the Royal Bank of Scotland Staff Healthcare Friendly Society, in a move which expands its membership base to around 65,000.

Members of both organisations voted in favour of the transfer, which sees EFS now controlling £60m in assets.

EFS chief executive Roger Cawse says: “The transfer provides an opportunity to further improve the cost effectiveness of our administration, and strengthens our reserves making this move particularly attractive.”

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