If you click on them we may earn a small commission. Oddfellows said the deal would introduce further insurance expertise on its board and help strengthen the financial position of the Schoolteachers Friendly Society, which offers sickness benefit products and a child trust fund. Money down the drain? Following the transfer, which is expected to take place on 30 April 2015, the Druids Sheffield business will continue to operate under its own brand with administration transferred into the Oddfellows operations in Manchester and Liverpool. reveals the brand that's £2.74 more expensive for a 30-item basketBarclays boss Jes Staley facing fresh calls to resign after being dragged into efforts to hunt down the wealth of deceased sex offender Jeffrey Epstein£500billion cost of ghost town Britain: Staggering hit to economy in next four years if workers stay away from office, study findsHAMISH MCRAE: As coronavirus threat recedes, companies that are more relaxed about home-working will lose ground to those that are more drivenMobile phone giant Vodafone suffers court defeat that could open door to wave of legal challenges by landowners that host 5G phone mastsITV set to tumble out of the index of Britain's top 100 companies, just as it celebrates its 65th birthdayOne of the top bosses at TSB says it is a 'great fallacy' that interest rates are important for saversTravel firm cancelled our £10,000 railway tour of the US because of Covid-19 but will not consider refund until April next year: TONY HETHERINGTON investigatesRemember the bank that liked to say Yes? That's Facebook, Amazon, Apple, Netflix and Alphabet (Google as was) by the way'My £200,000 payout to fund cancer quest': Proof that not all cover will let you down in a crisisA-level fiasco has thrown university plans for many into chaos, but here are student bank accounts with perks that make the gradeFormer Pensions Minister to demand Government extends exemption from council tax that bereaved families receive on inherited properties for relatives unable to sell during pandemic'I wanted to become a TV vet - but had no idea it meant a pay cut! That helps us fund This Is Money, and keep it free to use. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
Manchester-based friendly society Oddfellows will take its membership numbers to over 200,000 and assets under management to over £400m with a takeover deal. We do not write articles to promote products. Druids Sheffield Friendly Society has agreed to transfer its assets (including its Child Trust Fund, ISA and life assurance business) to Manchester-based Oddfellows Friendly Society in a deal that will increase the Oddfellows assets by £45m to over £460m and result in a combined membership base of more than 320,000 members. Oddfellows is taking over assets including Druids Sheffields' Child Trust Fund, ISA and life assurance business.

Some six million young people across the UK have a Child Trust Fund. "The deal follows previous takeovers by the Oddfellows of the Ideal Friendly Society and the Nottingham Friendly Society.Steve Code, chief executive of the Schoolteachers Friendly Society, will join the Oddfellows' main board as insurance director when the takeover is complete. Oddfellows has agreed to acquire the Schoolteachers Friendly Society, which has its headquarters in Liverpool.Manchester-based friendly society Oddfellows will take its membership numbers to over 200,000 and assets under management to over £400m with a takeover deal.Oddfellows has agreed to acquire the Schoolteachers Friendly Society, which has its headquarters in Liverpool.The agreement is expected to gain approval from the Financial Services Authority by the end of March.Oddfellows said it would bolster its insurance expertise and strengthen the financial position of the Schoolteachers Friendly Society, which provides sickness benefit products and a child trust fund.Philip Howcroft, chief executive of the Oddfellows, said: "In the wake of the financial crisis and a loss of confidence in the City, there's a revival of interest and enthusiasm for non-profit-making mutuals.

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