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New members for AMI

Eight new members have signed up to the Association of Mutual Insurers, bringing total membership to 21.
The addition of new members means the AMI now represents almost 5 per cent of premiums of the UK insurance market, with assets under management of 71 bn and 17 m policyholders
The new members are Communication Workers Friendly Society, Cirencester Friendly Society, Equitable Life, Homeowners Friendly Society, MGM Assurance, Reliance Mutual, Shepherds Friendly Society and Teachers Provident Society.
AMI chief executive Shaun Tarbuck says: “I pin down the success of AMI to active member and Board participation in key issues, such as the Myners Review, which focused the minds of the mutual insurers.”


Just Retirement launches into equity release market

Just Retirement has launched into the equity release market after gaining Ship membership. The firm’s equity release offering will sit between a roll-up mortgage and a home reversion plan. Just Retirement will offer high levels of cash release and enhanced rates for those with medical conditions. Its charges will be fixed, unlike on roll-up mortgages, […]

The edge of reason

Imagine a situation where you can claim anything you like in a document and, so long as it is outside the bounds of reasonable expectation, that claim will probably not come back to haunt you.

Mortgage edge – Mark Howell

Mortgage clubs can help reduce costs by offering support services at reduced rates to intermediaries – the ability to bulk-buy or aggregate applies to the mortgage product and to support services such as sourcing systems.


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