Joint Statement
2 October 2009
JOINT STATEMENT: POLICE MUTUAL AND MPFS END MERGER TALKS
Earlier this year, Police Mutual and the
Metropolitan Police Friendly Society (MPFS) issued a joint
statement announcing their intention to consult members about a
possible merger.
Since this initial announcement, both
Societies have been consulting with members, member representatives
and staff, prior to planned Special General Meetings in October,
with the aim that an anticipated merger would take place in January
2010, subject to approval.
The Boards of both organisations have a
responsibility to agree a set of financial terms they believe to be
fair and in the interests of their respective members. However, it
was not possible to agree the terms of the merger in the timescales
originally intended. Both Boards are continuing to consider their
positions and the options for each Society, but at this stage there
is nothing further to communicate.
Both Societies remain financially strong and
open for business as usual.
Police Mutual Assurance Society
Limited and Metropolitan Police Friendly
Society are incorporated friendly societies authorised and
regulated by the Financial Services Authority.
Police
Mutual
Registered
Office:
Alexandra
House
Queen
Street
Lichfield
Staffordshire
WS13
6QS
Metroplitan Police Friendly Society
Registered Office:
Berwick House
8/10 Knoll Rise
Orpington
Kent
BR6 0EL