The Children's Mutual is a United Kingdom-based financial savings and insurance provider aimed at children. It is the trading name of the Forester Fund Management Limited, part of Forester Life Ltd, which is owned by the Foresters Financial a mutual organisation.
Previously, The Children's Mutual was a trading name of the Tunbridge Wells Equitable Friendly Society Limited, a mutual organisation, until the Society's business was transferred to Forester Life Ltd in April 2013.[1]
History
The organisation behind The Children's Mutual brand has a long history. Established in 1881, what later became the Tunbridge Wells Equitable Friendly Society (TWEFS), was formed to provide a scheme for working people to help protect them against loss of income during illness and build up a lump sum for their old age.[2]
When the National Insurance Bill was launched in 1911, The company were one of the friendly societies chosen to help the Government administer the new state scheme.
Over time, The Company expanded into other areas of financial services, especially long-term savings for children, which increasingly became their specialism. In 2003 TWEFS re-launched as The Children's Mutual to recognise this specialist positioning and to prepare for the launch of the Government's new