SAVING Record growth for Sheffield Mutual

Sheffield Mutual Friendly Society has announced record growth in new business, with total premium income amounting to £10.2 million – an increase of 66 per cent on 2013.

The Society also recorded a 20 per cent increase in new policies, largely due to the success of its with-profits Investment ISA.

In 2014 total assets increased by 14 per cent to £77.5m.