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National Mutual votes for demutualisation

National Mutual members have voted in favour of demutualisation and the sale of the business to GE Pensions. Around 38 per cent of members voted, with around 98 per cent of those voting for the demutualisation proposals. Qualifying members will receive £500 compensation. Qualifying with-profits policyholders will receive enhanced bonuses over time from a pot of around £280m.

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