OneFamily
| Mutual society | |
| Industry | Financial services |
| Predecessor |
Family Investments Engage Mutual Assurance |
| Founded | 1 April 2015 (Brighton, United Kingdom) |
| Headquarters | Brighton, East Sussex, United Kingdom |
Area served | UK |
Key people |
Simon Markey (Chief Executive)[1] Christina McComb (Chairman)[2] |
| Products |
Life insurance Child Trust Funds Individual Savings Accounts Lifetime mortgages Bonds |
| Website | OneFamily.com |
OneFamily is a financial services provider based in Brighton, Sussex. It is a mutual society and as such has no shareholders, and is instead owned by its two million members.
History
In 2014, after gaining the backing of 95% of its members, Engage Mutual Assurance merged with Brighton-based Family Investments to create OneFamily, which began trading under its new name from April 1, 2015.[3][4][5] The business was moved to Brighton.[6][7]
OneFamily serves around one in 12 families in the United Kingdom, with £7.4 billion of assets under management.[8][9]
Products and services
OneFamily provides a range of financial services including over-50s life insurance, tax-efficient savings plans, lifetime mortgages and insurance bonds. It also supports existing Child Trust Fund accounts that were created prior to their discontinuation by the British government in 2011, and replaced with Junior ISAs.
Member Benefits
OneFamily created the OneFamily Foundation as a benefit to its members.[10] Members can apply for personal grants of up to £500 for themselves or those they care about throughout the year, and can also nominate community projects in their local area to receive grants twice annually. Voting on the grant recipients is done by public vote, with grants of between £5,000 and £25,000 being awarded.[11]
See also
References
- ↑ Firing Line: Simon Markey, FT Adviser, 14 August 2015, retrieved 31 May 2016
- ↑ Members approve Family Investments’ merger with Engage Mutual, Cover Magazine, 19 December 2014, retrieved 31 May 2016
- ↑ Mutuals rebrand after merger completion, FT Adviser, 1 April 2015, retrieved 31 May 2016
- ↑ Engage Mutual and Family Investments become OneFamily, Cover Magazine, 1 April 2015, retrieved 31 May 2016
- ↑ Hartley, Victoria. "New lender OneFamily to launch inter-generational mortgage". Mortgage Solutions. Retrieved 26 July 2016.
- ↑ "One to One: Georgina Smith, managing director, OneFamily Lifetime Mortgages". Mortgage Strategy. Retrieved 26 July 2016.
- ↑ "OneFamily marks one year since merger". The Argus. Retrieved 26 July 2016.
- ↑ Annual Report and Financial Statements for the year ended 31 December 2015 (PDF), OneFamily, 1 January 2016, retrieved 31 May 2016
- ↑ "Mutuals join forces to become OneFamily". Mortgage Finance Gazette. Retrieved 26 July 2016.
- ↑ Ikonen, Charlotte. "Watford children's charity launches appeal for funding". Watford Observer. Retrieved 26 July 2016.
- ↑ https://foundation.onefamily.com/community-awards/nominate-a-project/