Skip to main content Accessibility help
×
Home
Hostname: page-component-5cfd469876-kqxn7 Total loading time: 0.207 Render date: 2021-06-23T16:18:28.412Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "metricsAbstractViews": false, "figures": true, "newCiteModal": false, "newCitedByModal": true, "newEcommerce": true }

Corporate Diversity and the Provision of Financial Services

Published online by Cambridge University Press:  10 June 2011

P. Guijarro
Affiliation:
Scottish Widows plc, 69 Morrison Street, Edinburgh EH3 8YF, U.K., Tel: +44(0)131-655-6353, Fax: +44(0)131-655-3015, Email: philippe.guijarro@scottishwidows.co.uk
D. J. P. Hare
Affiliation:
The Standard Life Assurance Company, 30 Lothian Road, Edinburgh EH1 2DH, U.K., Tel: +44(0)131-245-0632, Fax: +44(0)131-245-2953, Email: david_hare@standardlife.com

Abstract

The corporate landscape of United Kingdom financial services has changed considerably in the last fifteen years with virtually all the main players now shareholder-owned. The dominance of shareholder ownership may not last for ever and the pendulum could swing back to alternate structures. Should the actuarial profession look ahead and consider what, if anything, could be done to encourage diversity? This paper considers some of the issues involved and raises some questions for the profession to discuss.

Type
Sessional meetings: papers and abstracts of discussions
Copyright
Copyright © Institute and Faculty of Actuaries 2002

Access options

Get access to the full version of this content by using one of the access options below.

References

Brown-Humes, C. (1998). Our ex-mutual friends. Financial Times, 14 February 1998.Google Scholar
Building Society Statistics etc. Taken from the website of The Building Societies Association at www.bsa.org.ukGoogle Scholar
Cazalet Financial Consulting (2001). Life 2001. www.cazalet-financial.comGoogle Scholar
Cook, J., Deakin, S. & Hughes, A. (2001). Mutuality and corporate governance: the evolution of U.K. building societies following deregulation. Working paper 205, June 2001, Cambridge University, Centre for Business Research. www.econ.cam.ac.uk/cbrnewGoogle Scholar
Credit Union statistics, etc. Taken from the website of the Association of British Credit Unions Limited at www.abcul.org and that of the World Council of Credit Unions at www.woccu.orgGoogle Scholar
Druschel, K., Quigley, J. & Sanchez, C. (2001). State of the Microcredit Summit Campaign Report 2001. Available at www.microcreditsummit.orgGoogle Scholar
Felman, J.M. & Nembhard, J.G. (2001). The new paradigm project: a trans-Atlantic dialogue on democratic economic development. Issue 47 of GEO. Available on www.geonewsletter.orgGoogle Scholar
Friendly Societies statisitics, etc. Taken from The Association of Friendly Societies Yearbook 2000–2001, at www.afs.org.ukGoogle Scholar
Grameen Bank. Information taken from its website at www.grameen-info.orgGoogle Scholar
Granitas, A. & Sheehan, D. (2001). Microcredit — grassroots capitalism. The Far Eastern Economic Review, July 12, 2001, reproduced in Grameen Dialogue, Issue 48. Available on www.grameen-info.orgGoogle Scholar
Hairs, C.J., Arnold, M., Gustar, A.J., Hare, D.J.P., Needleman, P.D., Tuley, P.J. & Webber, J.M. (1999). The closed fund alternative, B.A.J. 5, 699742.Google Scholar
Heriot-Watt University (Social Enterprise Institute) & Scottish Co-operative & Mutual Form (2001). Scottish Water — the case for a people's company with mutual ownership and management. Available at www.so.hw.ac.uk/socialenterprise/reportsGoogle Scholar
Jones, P.A. (1998). Towards sustainable credit union development. Available from the Association of British Credit Unions Ltd.Google Scholar
Kingston, T.D. (2000). Address by the President of the Faculty of Actuaries: ‘A learning profession’, 2 October 2000. B.A.J. 7, 5173.Google Scholar
Leadbeater, C. & Christie, I. (1999). To our mutual advantage. Demos. www.demos.co.ukGoogle Scholar
Llewellyn, D.T. (1999). Mutuality: theory and practice. Presentation to the 1999 Life Convention of the U.K. actuarial profession.Google Scholar
Mills, C. (2001). A lawyer's perspective, article in ownership matters — new mutual business models. Edited by Hunt, P. & Whitehead, J.Mutuo Ltd. www.mutuo.co.ukGoogle Scholar
Outters, G. (2001). Basic research into mutual insurance. Presentation reproduced in the proceedings of the 21th General Meeting of Association Internationale des Societes d'Assurance Mutuelle (AISAM), 2000. Mutuality Magazine, Issue 52. www.aisam.orgGoogle Scholar
Ricketts, M. (1999). The many ways of governance — perspectives on the control of the firm. Research Report 31, The Social Affairs Unit. www.socialaffairsunit.org.ukGoogle Scholar
Simpson, D. (2001). Trust in life assurance. Economic Affairs, 21, 1, 2328, Institute of Economic Affairs, www.iea.org.ukCrossRefGoogle Scholar
Swiss Re (1999). Are mutual insurers an endangered species?. Sigma Number 4 — www.swissre.comGoogle Scholar
Taylor-Gooby, S.P. (1999). Demutualization in an international context. Presentation given at Maui I Spring Meeting June 15–17, 1998, and reproduced in Society of Actuaries Record, 24, 1, and available at www.soa.orgGoogle Scholar
1
Cited by

Send article to Kindle

To send this article to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle. Find out more about sending to your Kindle.

Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Corporate Diversity and the Provision of Financial Services
Available formats
×

Send article to Dropbox

To send this article to your Dropbox account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your <service> account. Find out more about sending content to Dropbox.

Corporate Diversity and the Provision of Financial Services
Available formats
×

Send article to Google Drive

To send this article to your Google Drive account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your <service> account. Find out more about sending content to Google Drive.

Corporate Diversity and the Provision of Financial Services
Available formats
×
×

Reply to: Submit a response

Please enter your response.

Your details

Please enter a valid email address.

Conflicting interests

Do you have any conflicting interests? *