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Mutuality
The benefits of being a mutual.

All financial organisations in the UK are authorised by the Financial Services Authority (FSA). They 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 their profits are only distributed amongst their members, or reinvested to give better returns, better value, and higher levels of service.

Better service

Independent surveys indicate that members of mutual organisations enjoy higher levels of satisfaction. It appears that 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.



The Royal London Mutual Insurance Society Limited. Registered Office: 55 Gracechurch Street, London EC3V 0RL United Kingdom. Registered in England No 99064.

Royal London Group consists of The Royal London Mutual Insurance Society Limited and its subsidiaries. The Royal London Mutual Insurance Society Limited provides life assurance and pensions and is a member of the Association of British Insurers and the Association of Financial Mutuals. Royal London Savings Limited provides the Individual Savings Account. Royal London Unit Trust Managers Limited provides unit trusts. All these companies are authorised and regulated by the Financial Services Authority.

Group Registered VAT Number 368 5244 27