NFU targeted for demutualisation?

Attempts are being made to push NFU Mutual towards demutualisation. With a potential £3bn stockmarket listing and £8.5bn worth of assets, pressure groups claim a £1bn surplus should be shared with farmers rather than, as alleged, used to finance discounts in new areas of business. Recent expansion means 54% of NFU’s business comes from sources other than farming. NFU is to fight this pressure rigorously.