Cirencester friendly sees 11% premium growth

And membership of the mutual society broke through the 30,000 barrier as it grew by 7.4% to 32,209. The income protection specialist also reported positive net returns on investments of £1.2m for the year ending December 2009, despite what it called, "challenging and volatile market conditions." Paul Hudson, chief executive of Cirencester friendly, suggested that the society's cautious risk-averse investment strategy had protected its members' capital. "In these more uncertain and volatile times we focused on Gilts and Government backed bonds instead of equity investments," he says...