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MPs to probe demutualisation

The Parliamentary All-Party Group for Building Societies and Financial Mutuals is to conduct a short inquiry into the true cost of demutualisation.

The Group will hold three hearings in November, during which evidence will be taken from witnesses from within, and outside, the mutual sector to determine whether customers of demutualised companies are now paying back their windfalls in higher costs. The Group wants written evidence from interested parties.

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