Story perspectives

UK Regulators Revamp Support for Struggling Mutuals

12/5/2025

31 7

Summary

Story summary

UK regulators announced changes to support mutuals and co-operatives after Labour pledged to double its size, following a review that found many mutuals struggle to compete with private firms.
Nikhil Rathi, Chief Executive of Financial Conduct Authority (FCA), will outline Rochdale plans to streamline regulations.
A new mutual societies development unit will offer expert advice.
Regulators are open to mergers to help mutuals gain scale and maintain service provision.

1 of 1

Story summary

UK regulators announced changes to support mutuals and co-operatives after Labour pledged to double its size, following a review that found many mutuals struggle to compete with private firms.
Nikhil Rathi, Chief Executive of Financial Conduct Authority (FCA), will outline Rochdale plans to streamline regulations.
A new mutual societies development unit will offer expert advice.
Regulators are open to mergers to help mutuals gain scale and maintain service provision.