OneFamily is a
financial services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
provider with offices in
Brighton and Hove
Brighton and Hove ( ) is a City status in the United Kingdom, city and unitary authority area, ceremonially in East Sussex, England. There are multiple villages alongside the seaside resorts of Brighton and Hove in the district. It is administe ...
,
Sussex
Sussex (Help:IPA/English, /ˈsʌsɪks/; from the Old English ''Sūþseaxe''; lit. 'South Saxons'; 'Sussex') is an area within South East England that was historically a kingdom of Sussex, kingdom and, later, a Historic counties of England, ...
, Peterborough, Leeds and Swindon. It is a
mutual society
A mutual organization, also mutual society or simply mutual, is an organization (which is often, but not always, a company or business) based on the principle of mutuality and governed by private law. Unlike a cooperative, members usually do not ...
and as such has no shareholders, and is instead owned by its members.
History
In 2022, OneFamily announced its acquisition of life insurer brand Beagle Street.
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.
The business was moved to Brighton.
OneFamily has 2.6 million customers across the UK
and is responsible for £8 billion of assets under management.
Products and services
OneFamily provides a range of
financial services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...
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
His Majesty's Government, abbreviated to HM Government or otherwise UK Government, is the central government, central executive authority of the United Kingdom of Great Britain and Northern Ireland. in 2011, and replaced with
Junior ISAs.
See also
*
Engage Mutual Assurance
References
{{Reflist, 30em
Financial services companies established in 2015
Companies based in Brighton and Hove
Friendly societies of the United Kingdom
British companies established in 2015