If so, what specific areas or functions can societies collaborate or cooperate on to reduce expenses and enhance operational efficiency and effectiveness?
Products – Smaller societies could market the products of a larger, better capitalized society on a private label basis.
Information Technology/Back Office Administration – Societies could combine all their backroom functions on a common IT platform.
Asset Management – Societies could pool their assets under a single investment manager, lowering costs and improving returns.
Compliance – Societies could share the cost of access to a compliance professional and the answers to their common compliance questions.
Other....Please Comment below.
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