The Mutuals Forum 2011

The Mutuals Forum 2011

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Promoting business diversity

Promoting business diversity

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Public service mutuals

Public service mutuals

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People taking control

People taking control

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About Mutuals

Mutuo brings together the different wings of the mutual sector to promote a better understanding of mutuals and to encourage mutual approaches to business and public policy.

 

Through Mutuo, consumer co-operatives, building societies, mutual insurers and friendly societies and other mutuals work together to promote their shared interests to the Government, media and other decision makers.
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Mutuo Publications

Mutuo publishes a series of research papers about all aspects of the mutual sector. These are available in digital form (PDF) to be downloaded directly from the site.

 

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Biggest remutualisation in UK history

Today’s announcement that the Co-operative Group has been granted preferred bidder status for 632 Lloyds branches is a major endorsement of mutual business.  Should it complete the deal, the Co-operative Banking Group will expand from its existing 342 branches to almost 1,000.  This comes on the back of the 2009 merger between Co-operative Bank and Britannia Building Society that created the UK’s first super-mutual.

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Mutuals Support Programme

Mutuo welcomes the Government’s new Mutuals Support Programme which has been launched recently at Anglian Community Enterprise.

The programme will bring together information, advice and bespoke support for fledgling mutuals including:

  • New web resource
  • Information and case management hotline
  • Funding for bespoke professional services
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Northern Rock: wasted millions, wasted opportunity

Today the Government has announced that it will sell Northern Rock to Virgin Money for £747 million.   
Speaking after the news was announced, Peter Hunt, Chief Executive of the mutuals thinktank, Mutuo said: 
“Contrary to some of the reports today, the mutual sector engaged fully with the Government in relation to Northern rock and we are disappointed that a mutual solution hasn’t been found.  Northern Rock couldn’t remain nationalised indefinitely, but by taking a longer-term view the Government could have demonstrated its commitment to mutuals and secured a better return for the taxpayer’s £1.4bn original stake. The reluctance of the Government to publish its critique of the mutual option leads us to believe that remutualisation was never under serious consideration.”
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