OneFamily
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| Company type | Mutual society |
|---|---|
| Industry | Financial services |
| Predecessor | Family Investments Engage Mutual Assurance |
| Founded | 1 April 2015 (Brighton, United Kingdom) |
| Headquarters | , |
Area served | UK |
Key people | Teddy Nyahasha (Chief Executive) Christina McComb (Chairman)[1] |
| Products | Life insurance Child Trust Funds Individual Savings Accounts Lifetime mortgages Bonds Lifetime ISA |
OneFamily is a financial services provider based in Brighton and Hove, Sussex. It is a mutual society and as such has no shareholders, and is instead owned by its members.
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.[2][3][4] The business was moved to Brighton.[5][6]
OneFamily has 2.6 million customers across the UK[7] and is responsible for £8 billion of assets under management.
Products and services
OneFamily provides a range of financial services including over-50s life insurance, insurance bonds, tax-efficient savings plans, lifetime ISAs, lifetime mortgages and independent lifetime mortgage advice. 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.[citation needed]
See also
References
- ^ Members approve Family Investments' merger with Engage Mutual, Cover Magazine, 19 December 2014, retrieved 31 May 2016
- ^ Mutuals rebrand after merger completion, FT Adviser, 1 April 2015, retrieved 31 May 2016
- ^ Engage Mutual and Family Investments become OneFamily, Cover Magazine, 1 April 2015, retrieved 31 May 2016
- ^ Hartley, Victoria (31 May 2016). "New lender OneFamily to launch inter-generational mortgage". Mortgage Solutions. Retrieved 26 July 2016.
- ^ "One to One: Georgina Smith, managing director, OneFamily Lifetime Mortgages". Mortgage Strategy. 25 May 2016. Retrieved 26 July 2016.
- ^ "OneFamily marks one year since merger". The Argus. Retrieved 26 July 2016.
- ^ "OneFamily Brand Relaunch To Support Growth Plans - News | OneFamily". OneFamily. 18 July 2018. Retrieved 21 September 2018.