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FSA teams up with Police Mutual on financial capability

The FSA has joined forces with the Police Mutual Assurance Society to deliver the FSA’s financial capability material to the Police Service.

Police Mutual Assurance Society claims it is the first financial services firm to have adopted the financial capability material within its own distribution model, rather than using the FSA’s pool of volunteer presenters.

The incorporated friendly which tends to the financial welfare of the police force says this now forms part of the proposition offered by Police Mutual staff to police forces across the UK.

To mark the launch of the partnership, Police Mutual is using its 1,200 strong introducer network to distribute 270,000 free financial capability CD-ROMS across the Police Service in September.

The CD-ROM is a fully interactive learning resource covering the main financial capability topics as well as sections personalised to the Police.

Police Mutual general manager sales and marketing James Henderson says: “We already deliver worksite seminars to over 25,000 police officers and staff every year and remain convinced that a quality educational approach backed with straightforward direct offer products is a compelling offer for our customers and so we are delighted to add the FSA’s Financial Capability material to our proposition.

“The relationship with the FSA team has been excellent, they are very committed and share our vision for how this could be used to support the Police Service.”

The mutual has over 180,000 members nationwide and assets of over £1.1 billion and provides savings, investment, pensions, mortgages and insurance products exclusively to the police force.

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