Join Mutuo at the 2016 International Summit of Co-operatives


The International Summit of Co-operatives is the world’s leading event for business development in the co-operative and mutual community.   It is being held later this year in Quebec City, October 11-13 2016.

It offers managers, decision-makers and leaders of cooperative and mutual enterprises of all size and in all sectors, as well as anyone in the world of business, a unique venue for reflection, discussion, cooperation and training on major trends, as well as on current and future economic and financial issues.

The Summit aims to promote and foster the development of co-operative enterprises in all countries. The event attracts more than 3,000 participants from 93 countries.

The Nobel Prize winner and acclaimed economist Joseph Stiglitz has been announced as the keynote speaker at this year’s Summit. Also announced as speakers at the Summit are Mark R. Kramer, FSG co-founder and shared value advocate, and Robert Reich, influential economist and former Secretary of Labor under U.S. President Bill Clinton.

For more information on the Summit, visit the website.

New capital instruments for mutual businesses – an update


Mutuo is working in a number of jurisdictions to help co-operative and mutual businesses to access new sources of capital.

The UK Parliament approved the Mutuals’ Deferred Shares Act in 2015 and we continue to work with Government and regulators to ensure these new powers are implemented in a way that is of maximum use to mutuals.

Recently Mutuo Managing Partner, Peter Hunt, set out how we worked to change UK law: The Capital Conundrum for Cooperatives (see Chapter 6.)

In many parts of the world co-operatives and mutuals face the same legislative impediments to capital raising as was the case in the UK.

We are working with colleagues from Australia’s Business Council for Co-operatives and Mutuals to influence similar changes in Australian law.  Last month the Australian Senate’s Economic References Committee recommended a series of reforms aimed at creating a better environment for co-operatives and mutuals.  Importantly the Committee recommended amending the Australian Corporations Act to permit co-operatives and mutuals to access a broader range of capital raising opportunities.  The Senate’s full report can be viewed here.

Mutuo will work with our Australian colleagues throughout this year to help build this case for legislative change.

If mutuals and co-operatives are to work in an environment where they can truly compete, then similar kinds of reforms will need to be considered by governments in other countries.

Mutuo and FEPS complete first phase of European mutuals project

Peoples-business-logoMutuo has completed the first phase of its European mutuals project entitled ‘The People’s Business.’ Working closely with our project partner, the Foundation for European Progressive Studies [FEPS], the project aims to demonstrate how cooperatives and mutuals can contribute to the future of the European economy and society.

Over the course of the past few months Mutuo and FEPS have held symposiums in Brussels, Berlin, Copenhagen, Madrid, Sofia and Rome.  We have learned a great deal both from the academic community as well as the cooperative and mutual business leaders who have joined our discussions.   

Europe is facing huge policy challenges be it from immigration, to integration, to economic inequality and the environment; what we believe is clear from our deliberations is that our sector can be an important part of the solution in many of these areas.  We would like to sincerely thank all of those who have taken part in this phase.

There will be a series of further Brussels based meetings before the report is ultimately published later in 2016.

For more information on this project, please contact us.

The People’s business: Berlin symposium summary, 28th October 2015

Peoples-business-logoThe objective for meeting was to discuss with the attendees the role of coops in facing current economic and social challenges.

Interestingly through the discussions and presentations what became apparent is, rather than looking at the different sectors for our analysis it is interesting to consider the coops in their different forms of purpose i.e. as producers, consumers, trade and industry, residents, energy consumers or as banking and financial services for example. This then gives a good point of departure for our research. Read more The People’s business: Berlin symposium summary, 28th October 2015

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

View the document

For more information please visit

New Act of Parliament paves way for mutuals to raise capital


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


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


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