OneFamily will celebrate 50 years as a customer-owned mutual on 13th May, marking a major milestone for the Brighton-based provider of investment and protection products.
With more than 1.5 million customers across the UK, the mutual continues to evolve, with plans underway to bring its Beagle Street brand to the intermediary market later this year.
OneFamily began in 1975 from a one-room London office with the aim of creating a “new and dynamic friendly society”. Its first customer purchased a Family Bond on 14th May 1975. Today, the group offers investment ISAs, junior ISAs and protection products with a focus on affordability and financial inclusion.
The acquisition of Beagle Street in 2022 marked a strategic step for OneFamily. The brand is now being developed for wider distribution through advisers, with a team and proposition currently being built ahead of launch.
Jim Islam, CEO of OneFamily, said: “From those entrepreneurial beginnings the business has grown to become one of the UK’s most exciting and ambitious modern mutuals, forever pushing the boundaries of what’s possible to inspire better futures for its members.
“And that’s by helping families to invest in their future, protecting what matters most to them and by supporting those who’ve been underserved by traditional financial services. With no shareholders to pay we can reinvest our profits to design affordable products and services that provide the support real families tell us they need.
“But this is just the start. We’re ready to take mutuality to the next level, to be at the forefront of a shift in the financial services landscape that will see inclusion and trust being a priority once more.
And we can’t wait.”
