Mutuals to meet Treasury about welfare benefits role

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The Association of Financial Mutuals (AFM) will meet Treasury officials to further explore its offer to play a significant role in assisting the Government's welfare reforms.

A meeting has been arranged for next week to discuss the proposal following an initial letter to the Chancellor prior to the budget. Speaking at the Protect conference, Martin Shaw, CEO of the AFM, confirmed the negotiation process had only just commenced, but believed there was cause for optimism that it may be taken up. "We have proposed that some of the welfare state services which are provided might actually be outsourced to the mutual insurance industry," he said. "It's very early stages, but the Government has said it is open to new ideas, and inparticular how it can get mutu...

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