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Bank of England and FCA announce plans to support growth of mutuals sector

BY Reuters | ECONOMIC | 12/05/25 04:44 AM EST

LONDON, Dec 5 (Reuters) - Regulators at the Bank of England and the Financial Conduct Authority on Friday announced a package of measures aimed at supporting Britain's mutuals sector.

The plans seek to speed up application processes, review credit union regulations, and make it easier for mutuals to co-operate.

"Mutuals are a vital part of our financial system. Today's report examines how the financial mutuals sector is growing, and what we can do to help it thrive in the period ahead," Sam Woods, CEO of the PRA and deputy governor at the BoE, said. (Reporting by Suban Abdulla; editing by William James)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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