Type Mutual society Area served UK Founded 2004 | Industry Financial services | |
Predecessor Family InvestmentsEngage Mutual Assurance Key people Simon Markey(Chief Executive)Christina McComb(Chairman) Products Life insuranceChild Trust FundsIndividual Savings AccountsLifetime mortgagesBonds Parent organization Family Assurance Friendly Society Limited Profiles | ||
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.