We can do more together than we can apart:
No. Both organisations are long-established and successful. The housing regulator has reviewed both in the last two years and considers them to be at the highest level of financial viability and governance. The merger enables us to build more together than we can apart and provide services more efficiently – so we have more money to reinvest back into the organisation.
No, neither organisation “takes over” the other. Anchor and Hanover have joined together to create a new organisation and that gives us the opportunity to use the legacy and positive ways of doing things in each as a starting point to create together a new organisation for the future.
The name of the organisation is Anchor Hanover Group, which you will often see shortened to Anchor Hanover. Because Anchor has a large and well respected care home business, this part of the organisation will continue to use the Anchor name for continuity purposes. We want to respect and build on the legacies of both organisations and feel the new name does that.
The Chief Executive is Jane Ashcroft CBE, previously Chief Executive of Anchor. The Chair is Dr Stuart Burgess CBE, previously Chair of Hanover.
Yes, there is a new logo for the new organisation. This has been developed by our marketing and communications teams. Our new logo and branding will be introduced slowly to keep costs at a minimum.
Our social rents are regulated by the housing regulator and are not affected in any way by the merger. Any savings that we can achieve over time as a result of the merger will be reflected in reduced service charges wherever possible.
No. Your rights as a tenant or leaseholder will not change. This includes your rights under your tenancy or lease and your statutory rights.
There is no change in the short term to the way you pay your rent or who it is paid to. If there needs to be any changes in the future, we will write to you and will provide you with whatever support you need.
We are committed to ensuring our quality of service isn’t adversely affected. Services always evolve in line with the changing needs of the people we serve, funding for those services and developments in, for example, technology. As a new organisation, we’re considering how we best integrate but it won't impact on the quality of service customers receive.
In the short term, nothing is changing. However, we will look at whether we can drive better value for money in repairs and maintenance and a host of other areas as one, larger organisation. That may mean doing things differently but, at this stage, it’s too early to know how it might change. Our key focus is on getting great value for money and maintaining customer satisfaction.
No, customers will keep their existing tenancy agreement. There may be some minor changes such as the registered office and we will write to customers to explain these changes.
At some point following completion of the merger we will have one combined website, but this will not happen straightaway. For now we have introduced a small website at www.anchorhanover.org.uk to provide further information about Anchor Hanover alongside the two existing websites at www.hanover.org.uk and www.anchor.org.uk where you can access all of our services as usual.
It's really important that customers inform the way we work and we're working with Anchor’s Customer Council and Hanover’s Communities Council to develop a new approach to customer engagement for Anchor Hanover.
It is the responsibility of both Boards to recommend to the shareholders of both Anchor and Hanover to agree to the legal changes that will make the merger happen.
The date of the merger will depend on when formal consents are given and formal registration with the Financial Conduct Authority. We will write to all customers at this time.
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