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Police Mutual Assurance Society Limited (PMAS)

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Police Mutual Assurance Society Limited (PMAS)

Overview:

Police Mutual is the UK's largest affinity friendly society, with over 170,000 members nationwide. We are dedicated to providing the best possible service for the Police Family.

Because we don’t have shareholders, we can put our members' interests first – giving them confidence in their finances now and in the future.

History:

We have a long and proud history of serving the police family and meeting our members' financial needs. Some key dates in our history include:

1866: Police Mutual Assurance Association (PMAA) founded

1922: PMAA replaced by Police Mutual Assurance Society (PMAS). First annual meeting held in Bristol

1940: Assets under management reach £1m

1942: Policewomen accepted on the same terms as men

1953: Assets under management reach £2m

1966: Assets under management pass £10m

1970: PMAS moves to new head office in Lichfield, opened by Princess Alexandra on 24 March

1971: House purchase scheme introduced

1990: Viscount Whitelaw opens the extension to Alexandra House. Assets under management reach £350m

1996: 75th anniversary of PMAS

1997: Civilian police staff become eligible to join PMAS and take out the full range of plans offered. Assets under management reach £1bn

1998: UK Growth Fund and Income Fund investment products launched. PMAS membership reaches 150,000

2000: PMAS website, www.pmas.co.uk, launched at annual conference. The new extension to Alexandra House is opened by Lord Knights

2002: Home Insurance introduced in association with Cornhill Direct

2002: First Friendly Society to achieve Raising Standards accreditation - a mark of our commitment to constant improvement

2003: Membership rules changed to allow more members of the extended police family to join PMAS

2004: First Issue of the Guaranteed Capital Bond launched in association with Bristol & West PLC

2004: Car Insurance introduced in association with BISL Limited

2004: Premier Cash Account in association with Anglo Irish Bank introduced

2004: Online statements facility launched

2005: Child Trust Fund launched.

2005: MultiManager Funds launched.

2007: Police Mutual buys Roland Smith Insurance Brokers.

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