Mutuals Bill awaits Royal Assent
The private member's Bill that would give mutual insurers alternative capital raising powers received its final reading in the House of Commons on 6 March and was passed with "unanimous support", according to the Association of Financial Mutuals.
The Mutuals' Redeemable and Deferred Shares Bill proposes the creation of a new class of redeemable shares to allow mutuals to raise additional funds, rather than raising cash solely through retained
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