YORKSHIRE mutual Kingston Unity is set to see another record year of growth as income from customers’ premiums climbs over £10m.
In its financial results for 2013, Wakefield-based friendly society Kingston Unity, revealed a leap in premium income from £1.8m in 2011 to £10.63m in 2013.
The society’s assets have also seen an increase, from £51.6m in 2011 to £79.49m in 2013.
Andrew Townsley, chief executive of Kingston Unity, which was established in 1840, said: “We aim to produce returns and benefits for members that outp
erform cash savings and are consistent and stable over the medium to long term.
“More people are now moving away from instant access options for their savings, which generally offer woefully low rates, and are instead seeing the benefits of taking a more long term approach. With a range that is dedicated to offering returns over the medium and long term we have very much benefited from this change in attitudes.
“We anticipate that 2014 will be another very successful year for the Society and, most importantly, its members.”
