Puneet Varma (Editor)

OneFamily

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Covid-19
Type  Mutual society
Area served  UK
Founded  2004
Industry  Financial services
Headquarters  Brighton

Predecessor  Family Investments Engage Mutual Assurance
Key people  Simon Markey (Chief Executive) Christina McComb (Chairman)
Products  Life insurance Child Trust Funds Individual Savings Accounts Lifetime mortgages Bonds
Parent organization  Family Assurance Friendly Society Limited
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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.

Contents

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. The business was moved to Brighton.

OneFamily serves around one in 12 families in the United Kingdom, with £7.4 billion of assets under management.

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. 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.

References

OneFamily Wikipedia


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