Welcome to Reliance Mutual

AGM 2017

Members eligible to participate in the AGM will receive a letter explaining the process approximately one month before the Meeting. This year's AGM starts at 2:30pm on Thursday 21 September 2017 with the popular Amba Charing Cross Hotel, a stone's throw from Trafalgar Square, playing host again. We warmly invite members to come along.

For further information and to download our Annual Report and Accounts click here.

Online Voting

To vote online, members eligible to participate can click on the voting button below before 2:30pm on 19 September 2017.

Members will need the following information to vote online; which can be found in the letter explaining the process in the box entitled Online Vote:

  • Voter Reference Number (VRN)
  • Personal Identification Number (PIN)

Reliance Mutual announces proposed sale to LCCG

6th February 2017

Reliance Mutual Insurance Society Limited (Reliance Mutual) is pleased to announce that it has signed an agreement with Life Company Consolidation Group (LCCG) under which it is proposed that all of the business of Reliance Mutual will be transferred to a newly formed UK life company established by LCCG.

LCCG is a specialist life assurance group, which is focussed both on the International life market and on the management of in-force policies. The business is backed by funds managed by Oaktree Capital Management, a leading investment management firm which is listed on the NYSE with a market capitalisation of $6bn and Assets Under Management of $100bn.

Under the proposed transaction it is expected that:

  • Reliance Mutual’s members will receive a one-off payment dependent on policy size to compensate for loss of membership rights;
  • Members with voting rights will also receive an additional fixed payment compensating them for the loss of their voting rights;
  • Policyholders will benefit from enhanced security as a result of LCCG’s agreement to capitalise the new life company at a level which is materially in excess of Reliance Mutual’s current capital position;
  • With-profits policyholders will benefit from reduced exposure to ongoing operating expenses and the transfer of all liabilities relating to the Reliance Pension Scheme; and
  • Two of Reliance Mutual’s non-executive directors will join the Board of the new life company to provide continuity of oversight for all transferring policyholders.

 Please click here for the full announcement.

 

Reliance Mutual is a long established life insurance and pensions provider, having started life in 1911. As the name suggests, we are a mutual society, meaning that we are owned by our member policyholders - we have no shareholders.

We are committed to providing a quality service and products for our customers and pride ourselves on our friendly and professional service. All enquiries are handled by friendly, UK-based people.

 

Important Note: Dates of information

Please note that unless otherwise stated, company information on this site relates to the information quoted in the 2015 financial statements.

The Reliance Mutual Group includes:
Reliance Mutual Insurance Society Limited - Registered No. 491580, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority; Reliance Unit Managers Limited - Registered No. 724451, authorised and regulated by the Financial Conduct Authority and Reliance Administration Services Limited - Registered No. 3710407, authorised and regulated by the Financial Conduct Authority. All are registered in England at Reliance House, 6 Vale Avenue, Tunbridge Wells, Kent TN1 1RG.