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Mutual customers better off

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24/05/2006

Customers of life insurers that have demutualised and become limited companies have ended up £14,000 worse off on average than those who have stayed with mutual organisations, according to the Association of Mutual Insurers (AMI).

AMI looked at the maturity values of demutualised with-profits policies over the past 15 years and compared them with those from remaining mutuals.

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