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In this month's episode, Matt and Stevie explore the unique role of mutual societies and friendly societies in the income protection market, examining their history, customer benefits, and future growth potential under the new Labour government by speaking to Andrew Morris, CEO of Cirencester Friendly and Nicola Huxley of Sphere Financial Services
Listen now to learn more about:

• How Mutuals and friendlies are owned by members (policyholders) rather than shareholders
• How these societies often excel at providing cover for clients with niche occupations or pre-existing conditions
• The Labour government's commitment to doubling the size of the mutual finance sector as part of its manifesto
• How Nicola Huxley's insights into focusing on multi-policy rather than multi-benefit sourcing to help identify mutual options
• How mutuals reinvest profits to benefit members
• Mutuals often provide more personalised underwriting and claims experiences
• The legislative challenges the sector faces, but the significant growth opportunities
• How experienced advisers can leverage mutual partnerships for enhanced client retention and business growth

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Produced and edited by SEA Studios

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Chapters

1. The Untapped Power of Mutual and Friendly Societies in Income Protection (00:00:00)

2. Introduction to Mutuals and Friendlies (00:00:04)

3. Advisor Perspective with Nicola Huxley (00:05:21)

4. Inside Cirencester Friendly with CEO Andy Morris (00:25:26)

5. Matt Answers your questions (00:42:38)

6. Actionable Takeaways and Conclusion (00:48:55)

19 episodes