Our Services

MMG Advisory Services exists to provide expert consultancy services to friendly societies and other mutual insurers, their directors and executives on regulatory and constitutional matters, including transfers of engagements, corporate governance and amendments to rules. By specialising in the mutual sector and keeping our overheads to a minimum, we provide our services at a price that all societies will find competitive and even the smallest societies can afford.
 
This formula has enabled us to help no fewer than 30 clients, including some of the largest and some of the tiniest friendly societies over the 8 years we have been in operation. Our advice has included

• acquisitions and mergers of insurance businesses (including friendly society transfers of engagements and Part VII transfers)
• corporate governance
• regulation of with-profits, long-term and general insurance funds
• incorporation of friendly societies
• amendments to friendly society memoranda and rules and insurance company articles of association
• new product launches
• conversion of regulated insurers to discretionary mutuals
• law reform, including the Co-operatives, Mutuals and Friendly Societies Bill 2022 and the proposed Law Commission review of the Friendly Societies Act 1992
• the winding-up and dissolution of small societies

MMG recognises that small friendly societies have no less need of high quality advice than larger societies but that they do not have the budgets to afford the hourly rates charged by larger advisory practices. MMG offers unparalleled expertise and experience but at a reasonable price: we operate from our own homes and concentrate on the area we know best: mutual insurers. We do not delegate work to less knowledgeable assistants and we carry no management overhead. Although we advise on regulation, we ourselves are not a regulated firm because we do not carry out any activities regulated under the Financial Services and Markets Act 2000 or the Legal Services Act 2007.
 
MMG is an associate member of the Association of Financial Mutuals.