Mutual Benefits for Bus Employees
Mutual organisations are owned by policyholders rather than shareholders, so they work for their clients to provide reliable and competitively priced services.
In this month’s blog at
Bus Employees Friendly Society we look at the benefits of being members of a mutual organisation. Call us in Reigate on 01737 226 060 for more information. We Work for You
In the UK, financial organisations are either public limited companies (PLCs) or mutuals and are authorised by companies such as the Financial Conduct Authority (FCA). As Bus Employees Friendly Society is a mutual organisation, we work to benefit our members rather than shareholders.
Our profits are reinvested in the company rather than going to external shareholders. This means insurance premiums remain competitively priced. All decisions are made by Directors who are elected by their members and are from the same profession.
Reliable & Experienced
Mutual organisations have been around for over 100 years, putting their members before profit. So they have many years of experience putting people first.
The company and staff prioritise the concerns of their members and share their values. This ensures you can rely on them to work for your benefit.
We are completely financially transparent, so you always know where and how your money is being used. Furthermore, as we are not motivated purely by profit like a PLC might be, our members can be sure to receive reliable insurance benefits.
Bus Employee Friendly Society Membership
In addition to mutual benefits, we also offer hospital and medical care with
HMCA, sick benefits and retirement savings and life cover plans. There are many advantages to becoming a member and people from all sectors of the bus transportation industry are welcome.
To join us, download our application form and submit it to the society by posting it to our head office or give it to your garage office or driving instructor. We will send you a Welcome letter with contact information for your local steward when the application is approved.
Get in Touch
Contact our team at Bus Employees Friendly Society for more information about mutual organisations and our services. Call us in Reigate on
01737 226 060 to talk to a staff member. Alternatively, send us a message via the contact form for a prompt response.