Mutuo working with ICMIF to produce global Manifesto

ICMIF Logo

The twin challenges of globalisation and regional regulation mean that co-operative and mutual firms are working more closely together to influence the business environment for the benefit of their members and the communities they serve.  Mutuo is working with the International Cooperative and Mutual Insurance Federation to produce a global manifesto that will provide a framework for this activity.

Read more Mutuo working with ICMIF to produce global Manifesto

Mutuals’ Bill scheduled for Second Reading (Lords)

The Rt Hon The Lord Naseby

The Mutuals’ Redeemable & Deferred Shares Bill will be read for the second time in the House of Lords on 24th October 2014.

The Bill was introduced by Lord Naseby in the House of Lords and was read for the first time on 5th June 2014.  We are seeking Government support to allow time for the Bill to progress through both Houses.

Read more Mutuals’ Bill scheduled for Second Reading (Lords)

Cross-party group of MPs: New legislation and better regulation is required for financial mutuals

Parliamentary group mutuals

The All-Party Parliamentary Group for Mutuals has challenged the way that government and financial regulators work with mutuals.

The Group has called for a series of reforms that will enable building societies, friendly societies and mutual insurers to compete on a fair basis with PLCs.

Read more Cross-party group of MPs: New legislation and better regulation is required for financial mutuals

European Manifesto calls for action to empower mutual and cooperative insurers

Screen Shot 2014-07-08 at 14.14.22AMICE, the European Association of Mutual Insurers and Insurance Cooperatives has published a political manifesto entitled “United in Diversity” laying out the sector’s proposal for political action to enable the sector to fully exploit its potential.  The manifesto has been produced by UK based advocacy organisation, Mutuo, on behalf of AMICE members.

The European Mutual Manifesto was presented in Nice, France, by AMICE President Hilde Vernaillen to the 200 delegates at the association’s 2014 Congress.

Read more European Manifesto calls for action to empower mutual and cooperative insurers

Mutuals’ Redeemable and Deferred Shares Bill

Redeemable-shares-14We need your help: contact your MP

The Mutuals Redeemable and Deferred Shares Bill will have its first reading on Thursday 5th June.

Use the form below to contact your MP to ensure that they help the Bill through Parliament by encouraging the Government to make time for debate.

Afterwards you will also be able to contact a Member of the House of Lords to ensure that they support the Bill too.

To contact to your MP, or a Member of the House of Lords, about the Bill, please click here.

Reviewing Co-operative Governance

The Co-operative Group Constitutional ReviewLord Myners is currently reviewing the governance structure of the Co-operative Group.  This is not the first review – Mutuo contributed to such a project in 2007.  Of course the context was different from today, but many of the key issues around co-operative business governance remain the same.

Today, Mutuo is re-publishing its report for the 2007 Review, called ‘21st Century Pioneers.’  It was drafted by a range of experts in co-operative business structures, including Cliff Mills, Ian Snaith, Peter Hunt and a range of academics.

Read more Reviewing Co-operative Governance

Time to get tough on football authorities, say MPs

Parliamentary group mutuals

The All-Party Parliamentary Group for Mutuals has called on the Government to take urgent action to improve the way that football club owners behave towards supporter groups.

In a report that is critical of the attitudes the Football Association, Premier League and Football League exhibit towards the ownership of clubs, MPs have called for them to be directed to protect the interests of supporters.

Read more Time to get tough on football authorities, say MPs

Mutuo confirms its presence at International Summit of Cooperatives

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Mutuo has confirmed its presence at the International Summit of Cooperatives Exhibition to be held in Quebec in October 2014.

Mark Willetts said: “We are delighted to be attending the 2014 International Summit of Cooperatives. For us this is a unique opportunity to meet once again with some of the leading global businesses in the mutual and co-operative sector, to share ideas and strategies for growth. We are particularly pleased to be taking part in the international exhibition which promises to be even bigger and better than the 2012 Summit.”

Mutuals Yearbook 2013

Mutuals' Yearbook 2013Since 2008 when the Mutuals Yearbook was first published, the world around us has changed significantly. It is clear that all mutual organisations have endured a difficult economic climate in which to operate. Our members have had their own pressures and have had to face some searching questions about the soundness of the mutual model.

However, the sector has continued to grow both in terms of the numbers employed (970,000 in UK in 2013 compared to 844,000 in UK in 2008) and income (increasing from £84bn in 2008 to £115bn in 2013). These figures are a testament to the people who work in the mutual sector, but more importantly, to the fact that many people still uphold the principles of co-operation and mutuality. Read more Mutuals Yearbook 2013

2014 International Summit of Co-operatives

The International Summit of Co-operatives is a biennial gathering where leaders of cooperative and mutualist enterprises get together to discuss their concerns about the current and future business challenges they all share.

The next summit is being held in Quebec City from October 6-9th & Mutuo will be taking part.

Raising New Capital in Mutuals: Taking Action in the UK

New capitalBy their very nature, mutuals are limited in how they can raise capital. Like all businesses, they can retain profits and can borrow against future earnings, but they have no equity shareholders and so do not have access to this type of prime capital.

These restrictions are well known and mean that the debate around capital in mutuals is not new. To date however, in the UK at least, mutuals have not made significant alterations to their basic capital framework, which was designed more than 150 years ago.

Read more Raising New Capital in Mutuals: Taking Action in the UK

Mutuo events at this year’s Party Conferences

Mutuo has will be holding fringe meetings at each of the three main Party Conferences this September/October.

The fringe meetings will discuss the possibility of amending the capital regime in mutuals to permit the injection of external capital, whilst safeguarding both the core purpose and mutual integrity of the business. We can point to existing examples of where this has been achieved in other countries such as Canada and The Netherlands.

Read more Mutuo events at this year’s Party Conferences

Mutuals’ Redeemable Shares Bill: Write to your MP

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We need your help: contact your MP

Use the form below to contact your MP to ensure that they help the Mutuals’ Redeemable Shares Bill through Parliament by encouraging the Government to make time for debate.

Afterwards you will also be able to contact a Member of the House of Lords to ensure that they support the Bill too.

To contact to your MP, or a Member of the House of Lords, about the Bill, please click here.