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If she likes the concept of a mutual, has she considered a credit union?
They're not-for-profit, have community financial inclusion goals and deposits are covered by the FSCS.
The longer-term returns may not be as attractive as an investment product, but I've yet to see one that charges for junior accounts and the interest rates are fairly good - mine is paying 3.5%, for example.
They only cover specific areas, so if she likes the sound of it, I'd suggest finding which cover her local area and what they offer at https://www.findyourcreditunion.co.uk
Worker in, and passionate advocate of, the credit union movement. I don't speak for the sector or for any individual CU. My opinions & experiences are my own.
Search MSE for more info about CUs and find ones that cover your area by searching online for 'find your credit union'.
I appreciate you're not "most people" and the world would be boring if we all agreed on everything
yes, good haha.. but yes, a TESP or RSP does not compound. the annual bonuses are calculated upon the Sum Assured - often c.the value to be paid in over time. it is as I have described above:)
