We’re proposing to join OneFamily & Scottish Friendly together to create one of the UK’s largest mutual organisations with 2.3 million members
OneFamily and Scottish Friendly are proposing to merge to create a single member-owned mutual. The combined mutual would operate under the group name of OneFamily.
By combining our experience of over 200 years’ serving our members and communities, we want to create one of the UK’s largest and most experienced mutual organisations.
This would give us the capacity to further improve the long-term value of our products and services, while continuing to reinvest our profits to benefit our members and communities.
Hear from OneFamily CEO Jim Islam and Scottish Friendly’s Chair John McGuigan, as they look ahead to a shared future built on mutual values.
How we believe this would benefit our members
- A wider range of affordable products: Access to more great value investment and protection products for our members.
- More benefits for our members: The merger will help us introduce even more benefits to help our members save more in the future.
- A better customer care experience through improved digital infrastructure and technology.
- More opportunity to invest in charities and communities that you care about.
What our members need to do
Because OneFamily and Scottish Friendly are both member-owned mutuals, the merger needs to be agreed by OneFamily's members and by the delegates who represent the members of Scottish Friendly (and then receive regulatory approval).
This means we’ll be holding a Special General Meeting (SGM) for our members to vote on the merger.
Proposed transfer Q&A
How to contact us about the proposal
If you would like to contact us about this announcement please email us.
Key facts of the transfer
If you’d like to understand the proposed merger in more detail, the Statement of Proposed Transfer of Engagements explains what’s being proposed and why.
Independent Actuary Report
An Independent Actuary has been appointed to report on the proposed transfer and whether it is fair to members and policyholders.
Chief Actuary Report
Report of the OneFamily Chief Actuary. This report is made available for members and policyholders of OneFamily.
With-Profits Actuary Report
Report of the OneFamily With-Profits Actuary prepared for the Board of OneFamily.
Important information for Jersey and Bailiwick of Guernsey customers
Important information for Jersey and Bailiwick of Guernsey customers – you can read here the information and supporting documents relating to the court processes in Jersey and the Bailiwick of Guernsey. OneFamily policies will remain unchanged and are not transferring as part of these court processes – but if you think you might be affected by the court processes in Jersey or the Bailiwick of Guernsey you may be interested in details of the court hearings and what to do if you have any objections.
Court and scheme documents:
- The Guernsey Scheme
- The draft application to the Royal Court of Guernsey
- The Jersey Scheme
- The Jersey Representation
- The UK Instrument of Transfer
The Channel Islands mailing pack consisting of: