Police Mutual payouts are up for the third year running

There's good news for over 30,000 UK Police Officers, Police Staff, PCSOs, Specials and their family members who are due to receive over £162 million this year. Payouts are up for the third year running on ten-year Regular Savings plans and over £162 million will be paid out in maturities to members of Police Mutual.

Derek Crellin, a retired Sergeant with the Isle of Man Constabulary is one of the many members to have benefited from previous ten-year Regular Savings plan payouts.

"Thanks to Police Mutual, my wife and I were able to use our payouts to help fund a wonderful holiday to Australia and New Zealand this year," said Derek. "We've received excellent service from Police Mutual and we've found a real benefit in regularly opening a new plan. Barbara has a plan that matures next year and I've a plan that pays out in 2010 - so we're already planning how we'll spend our next two payouts!"

Commenting on the payout, Graham Berville, Chief Executive of Police Mutual said: "Looking ahead, we believe that the investment strategy we have in place will ensure that payouts remain competitive and will continue to provide our members with healthy returns."

Police Mutual made this announcement at its Annual Conference in Peebles. The Conference was attended by representatives from Police Forces across the country and provided them with the opportunity to learn about what's happening within the Society and the financial services industry and to ask any questions they may have.

The Conference was attended by Sir Ronnie Flanagan, HM Chief Inspector of Constabulary for England and Wales and President of Police Mutual. Sir Ronnie spoke about the increasing need for collaboration between forces and his recently published review where he stated that he believes the Police Service will continue to face complex and competing challenges in the medium and long-term.

The guest speaker at this year's Conference was Jan Berry, Chairman of the Police Federation of England and Wales, who talked about the challenges of her role and her career to date. To thank her for speaking at the Conference, Sir Ronnie presented Jan with a donation of £1,000 to the National Police Memorial Day on behalf of the Society. The National Police Memorial Day aims to remember the thousands of Police Officers who have lost their lives whilst on duty and to show family and friends that their loved ones are not forgotten.

The AGM takes place during the Conference where attendees represent their force and the wider membership by voting on Society matters. The AGM saw three further members of the Police Service join the Committee of Management - Chief Constable Sir Norman Bettison, West Yorkshire Police became a Vice President and joins Ian Johnston, Chief Constable British Transport Police; Sir Paul Scott-Lee, Chief Constable West Midlands Police; Julie Spence, Chief Constable of Cambridgeshire Constabulary; Paul Stephenson, Deputy Commissioner of the Metropolitan Police and David Strang, Chief Constable of Lothian and Borders Police who continue to serve on the Society's Committee of Management in this role. Inspector Phillip Haworth, Greater Manchester Police and Superintendent Gareth Jones, Hampshire Constabulary were elected as Committee Members and join Detective Inspector Aiden Beck, Metropolitan Police; Inspector Gary Horsburgh, Fife Constabulary; Michael Joiner, West Midlands Police; Inspector Glenn Milne, Lothian and Borders Police; Detective Sergeant Ieuan Watkins, Gwent Police and Constable Nicholas Wyer, Dorset Police who continue to serve on the Society's Committee of Management.

As the UKs largest affinity friendly society, with around 180,000 members nationwide and assets of £1 billion, Police Mutual is dedicated to providing savings, investments, pensions, a mortgage service, insurance products and financial education exclusively to the Police Family.

For more information on the full range of financial products avaailble:

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