Opening remarks
Thank you for inviting me to speak today.
Having been in my role for a few months, I have been reflecting on the insights it has given me into how firms operate. One thing that has stood out about mutuals is not just that they are owned by their members, but how that ownership shapes the decisions they make. We can see this in the important role they play in serving parts of the market that may otherwise be underserved.
Against this background, you can understand why the Mutuals Landscape Report sets out our ambition to support the sector’s sustainable long-term growth. What that means will differ from one mutual to another. Many mutuals will continue to operate sustainably. Some will grow organically, while others may pursue acquisitions.
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