The benefits of being a mutual
All financial organisations in the UK fall into two main groups: public limited companies (PLCs) and ‘mutuals’. The difference between the two is that, whereas a PLC is owned by and answerable to external shareholders, mutual organisations such as Royal London are owned by their members.
We always put our members first
Royal London is totally committed to mutuality and looking after the interests of our members.
Greater potential value
Mutual insurers have no shareholders to pay, so they can ensure that their profits are only distributed amongst their members, or reinvested to give better returns, better value and higher levels of service.
Independent surveys indicate that members of mutual organisations enjoy higher levels of satisfaction. Maybe it's because employees in mutuals try that bit harder for members, who are also the owners of the organisation they work for. To find out more go to www.ownedbyyou.org.