Income, assets & membership rise at Cirencester Friendly

Published on

Cirencester Friendly has reported continued growth during 2015, with income, assets and membership all increasing.

Premium income rose from £14.9m in 2014 to £15.6m in 2015, an increase of 5.0%, whilst investment income was up 5.7% from £1.7m to £1.8m. Total income for the year was £17.6m, representing an increase of 5.2% on 2014’s figure of £16.7m.

94% of claims were paid in 2015, while £4.3m in bonuses was awarded to members from trading surpluses.

Paul Hudson (pictured), chief executive at Cirencester Friendly said: “I am thrilled that income, assets and membership have all increased in what has been another strong year for Cirencester Friendly.

“This is testament to the hard work and dedication of the Society’s employees, the strong relationships we have with advisers and our commitment to support our members when they need us most.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...

Broker confidence holds steady as mortgage market cools

Confidence among mortgage brokers held firm in the second quarter of the year despite...

The Suffolk cuts expat mortgage rates amid rising demand

Suffolk Building Society has cut rates across its expat mortgage range, with reductions of...

ModaMortgages unveils eight new limited edition deals

ModaMortgages has expanded its buy-to-let range by launching eight limited edition products at 80%...

Latest publication

Latest opinions

Bridging the Pond: How large is the US bridging finance market, and compared to the UK?

When we first got started with LendInvest in the UK, post the financial crisis,...

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Other news

Aldermore unveils new limited edition five-year BTL products

Aldermore has launched a pair of limited edition five-year buy-to-let mortgages for landlords, with...

AMI calls on advisers to take part in protection survey

The Association of Mortgage Intermediaries (AMI) has launched its annual survey of mortgage and...

Broker confidence holds steady as mortgage market cools

Confidence among mortgage brokers held firm in the second quarter of the year despite...