News

Protecting Lives and Livelihoods: ICMIF Global Manifesto 2015 launched

ICMIF Global Manifesto

Mutuo and ICMIF have today published the ICMIF Global Manifesto.

Launched at the biennial ICMIF Conference in Minneapolis the document contains radical proposals calling upon global, regional and national institutions to play their part in:

* Ensuring an appropriate business environment for cooperative and mutual insurance
* Engaging with cooperative and mutual insurers to help to protect lives and livelihoods

The document can be viewed in full here, or for more information please visit icmif.org.

New Act of Parliament paves way for mutuals to raise capital

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We are delighted to announce that the Mutuals’ Deferred Shares Bill today completed its final stage in the House of Commons and will now receive Royal Assent. This is the culmination of two and a half years work of researching, drafting, negotiating and finally legislating for this landmark new law for mutual insurers and friendly societies.

Read more New Act of Parliament paves way for mutuals to raise capital

Mutuals’ Redeemable and Deferred Shares Bill achieves Second Reading in Lords

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The Mutuals’ Redeemable and Deferred Shares Bill has achieved its Second Reading in the House of Lords. The Bill, brought forward by Lord Naseby, will now proceed to Committee Stage and Third Reading in the Lords before making its way to  the House of Commons.

Read more Mutuals’ Redeemable and Deferred Shares Bill achieves Second Reading in Lords

Mutuo working with ICMIF to produce global Manifesto

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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)

Nick Eyre: The Co-operative Group: The risk of a management-led oligarchy

The Co-operative Group with its ground breaking history is in the middle of a root and branch constitutional review. Not only those involved  in the Co-operative sector, but all who value the present diversity of ownership models in the UK economy should regard the success of this review as  important .

Read more Nick Eyre: The Co-operative Group: The risk of a management-led oligarchy

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.

Making The Board Accountable

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It is important that delegates at tomorrow’s Co-operative Group Special General Meeting vote in favour of a resolution that will start a process of reform.  But it is important that that process of reform addresses a fundamental weakness in the proposals put forward in the Myners report.

The central proposal is to create a new board which, like the board of directors of a company, can exercise all the powers of the organisation.  But company law contains a statutory right for shareholders to remove directors, a right that cannot be varied in the articles or by any agreement.  Industrial and provident society (IPS) law contains no equivalent statutory right. The appointment of an all-powerful board must therefore be underpinned by appropriate checks and balances.

Read more Making The Board Accountable