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A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.
Yorkshire Bank is a trading name used by Clydesdale Bank plc for its retail banking operations in England.
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held, meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20 percent of their lending in commercial loans—their focus on mortgage and consumer loans makes them particularly vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
A mutual organization, or mutual society is an organization based on the principle of mutuality and governed by private law. Unlike a true cooperative, members usually do not contribute to the capital of the company by direct investment, but derive their right to profits and votes through their customer relationship. A mutual organization or society is often simply referred to as a mutual.
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, OH. The company also operates regional headquarters in Scottsdale, AZ; Des Moines, IA; San Antonio, TX; Gainesville, FL; Raleigh, NC; Sacramento, CA, and Westerville, OH. Nationwide currently has approximately 25,391 employees, and is ranked #76 in the 2019 Fortune 500 list. Nationwide is currently ranked #25 in Fortune's "100 Best Companies to Work For".
Axa S.A. is a French multinational insurance company. The head office is in the 8th arrondissement of Paris, France. It also provides investment management and other financial services.
Ameriprise Financial, Inc. is a diversified financial services company and bank holding company incorporated in Delaware and headquartered in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.
Clydesdale Bank plc is a retail and commercial bank in the United Kingdom. It was formed in Glasgow, Scotland in 1838, and is the only former Scottish bank which retains its UK headquarters in Scotland, following the implosions in 2008 of the Bank of Scotland and of the Royal Bank of Scotland.
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India.
Virgin Money is a banking and financial services brand operating in the United Kingdom.
The Colonial Mutual Life Assurance Society Limited, later Colonial Limited, and commonly known as Colonial Mutual, Colonial Mutual Life, and/or CML, was a diverse international financial services company headquartered in Melbourne, Australia. Colonial's core businesses were life and general insurance, retirement savings, banking and funds management. The company operated in the United Kingdom, New Zealand and the Fiji Islands for more than a century.
HDFC Life Insurance Company Ltd. is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance services and incorporated on 14 August 2000.
Northwestern Mutual is an American financial services mutual organization based in Milwaukee. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investment advisory services, financial planning trust and private client services, estate planning and business planning. Its products include life insurance, permanent life insurance, disability income, and long-term care insurance; annuities; investments; and investment advisory products and services. Northwestern Mutual ranked No. 90 on the 2021 Fortune 500 list of the largest United States corporations by total revenue and is in the top 30 by assets held. The firm distributes a portion of its earnings to eligible policyholders as annual dividends.
Gary Lumby is a business mentor and non-executive director with over 30 years experience in the banking sector. He is a Fellow of the Chartered Institute of Bankers in Scotland and was the director of small business banking for Yorkshire Bank and Clydesdale Bank. In September 2008, Gary Lumby was made President of Leeds Chamber of Commerce. In 2008, he was presented with an MBE by Prince Charles in recognition of services to the finance industry.
Kotak Mahindra Life Insurance Company Limited is a private life insurance company in India. The company was founded in 2001. It caters to 15 million customers and has 232 branches in around 167 cities and towns in India with 99,275 agents.
Virgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom. It was formed as CYBG plc by National Australia Bank (NAB) in February 2016, in advance of the divestment of its UK business through a stock market flotation. It is listed on the London Stock Exchange and Australian Securities Exchange; it is also a constituent of the FTSE 250 Index.
OneFamily is a financial services provider based in Brighton and Hove, Sussex. It is a mutual society and as such has no shareholders, and is instead owned by its members.
Dedham Savings is one of the oldest American banks still in operation and one of the oldest banks in the state of Massachusetts still doing business under its original charter.
ET Money is an Indian fintech and wealth management platform owned by Times Internet, a wholly owned subsidiary of Bennett Coleman & Co. Ltd. It was founded in 2015. It offers a variety of financial products and services, including mutual funds, insurance, fixed deposits, NPS and SIPs. The investments tracked and managed on the app is US$3 billion as of March 2022.
References
- 1 2 3 Job losses in Harrogate as Engage Mutual moves south, Yorkshire Evening Post, 27 February 2015, retrieved 26 April 2016
- 1 2 Mutuals rebrand after merger completion, FT Adviser, 1 April 2015, retrieved 26 April 2016
- 1 2 Engage Mutual and Family Investments become OneFamily, Cover Magazine, 1 April 2015, retrieved 26 April 2016
- ↑ Engage Mutual buys PHSA, Private Healthcare UK, 25 November 2010, retrieved 26 April 2016
- ↑ Engage Mutual takes on Ecclesiastical members, FT Adviser, 9 December 2010, archived from the original on 9 May 2016, retrieved 26 April 2016
- ↑ Over 50s Life Cover Plus, Clydesdale Bank, retrieved 26 April 2016
- ↑ Super League seals lucrative deal, BBC Sport, 7 February 2005, retrieved 26 April 2016
- ↑ Champion Steve completes Extreme Challenge, Try Assist, 21 June 2011, retrieved 26 April 2016