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Wesleyan to help UK economy grow, says Deloitte UK Futures report

Wesleyan Assurance Society, the Birmingham-based mutual, has been tipped as one of the companies most likely to help the UK economy grow.

In a study by international advisory firm Deloitte entitled ‘UK Futures: How businesses can lead a new era of wealth creation’, Wesleyan was selected as one of only 50 financial services providers in the 1,000 strong list of companies.

The report is billed as a study of companies that have defied the recession and demonstrated what UK businesses can achieve. Wesleyan made the list due to its continued growth during the economic downturn, which has included a 54% increase in new business sales from 2008 to 2011, the period of the recession.

Commenting on the report, Craig Errington, Wesleyan Chief Executive, said: “Wesleyan’s inclusion in the UK Futures list is a resounding endorsement of our business model. Our long term strategy of providing tailored financial products and services, as well as our mutual status, have served us well.

“It has given us clear direction of travel, delivered consistent growth over the period of the economic downturn and allowed us to steadily increase the number of staff, and we are on target to continue this in the years to come.

“We look forward to playing our part in the recovery of both the Midlands and the UK economy as a whole.”

The UK Futures 1,000 is dominated by consumer retail businesses, with financial services firms representing just 5% of the total:
  • 41% Consumer business (24% Retail, 11% Consumer packaged goods, 6% Travel, Hospitality & Leisure)
  • 16% Manufacturing
  • 14% Professional services
  • 9% Energy & Resources
  • 7% Real estate
  • 5% Financial services
  • 4% Technology, Media & Telecommunications
  • 4% Life sciences

Wesleyan provides specialist financial advice and services to doctors, dentists, lawyers and teachers. 

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

Click for more information about the Wesleyan group of companies.

© 2018 Wesleyan Assurance Society