Corporate Governance/Reports
We’re committed to the highest standards of corporate governance – which is why we’re subscribed to the Annotated Corporate Governance Code for Mutual Insurers.
Here, you can find out more about the way we’re governed, and the high standards we hold ourselves to.
Solvency & Financial Condition Report
You can download our Solvency & Financial Condition Report for the year end 2025. It gives you more information on the society, its performance and financial stability.
Annual General Meeting
The 2025 AGM was held on 11 June 2025.
The minutes of the meeting are available here.
Friendly Society Rulebook
As a friendly society we have a rulebook which sets out the way we are run. You can download a copy here.
Meet the Board
Sue Baldwin
Sue was appointed to the Board on 1 October 2020. She is a Chartered Insurer and has extensive executive experience in the insurance industry with Direct Line and Esure and more recently as a Non-executive Director of Methodist Insurance PLC.
Her in depth knowledge of risk management, corporate governance and culture development brings specialist expertise to the Society’s Board of Directors.
Sue chairs the Board's Risk Committee.
Non-executive Director
Elizabeth Boardall
Elizabeth has a close affinity with mutuality having spent several years with Royal London as Pensions Manager and Head of Customer Engagement and more recently as a member of their independent governance committee.
Elizabeth joined our Board in October 2020 and brings significant strategy development, digital and marketing experience to the Society.
Non-executive Director
Graeme Caughey
Graeme was appointed to the board at the AGM and as Chair at the board meeting immediately following the AGM in June 2025. He is an experienced investment professional and qualified actuary with a wealth of experience in senior financial services leadership. He currently serves as Non-executive director at The Methodist Insurance Company plc & Epworth Investment Management and acts as a professional trustee with Capital Cranfield Pension Trustees Limited. He is a director of his own financial services consulting firm, Smeaton Park Consulting.
Society Chair
David Fawell
David was appointed to the board in December 2018. He was appointed Deputy Chair and Senior Independent Director after the AGM in 2025. David has enjoyed a long career in banking, most recently with the Co-operative Bank where he played a leading role in the research and development of their ethical policies and is an expert in payment services. David retired in January 2026 from his role as a Director and Chair of the Co-operative Credit Union.
Non-executive Director
Peter Green
Peter has been our Chief Executive since October 2006. Before that, he was Chief Executive of a mutual health insurance company specialising in health care cash plans.
He has a MBA specialising in small business growth.
Peter sits on the board of the Association of Financial Mutuals and is a member of the PRA's Insurance Practitioner Panel. He is a Non-executive Director of Methodist Chapel Aid a small bank specialising in lending to the charity sector.
Chief Executive
Sazeda Patel MBE
Sazeda joined the board in February 2025 on completion of the transfer of engagements from Red Rose Friendly Society Limited, having served on the Red Rose board as a Non-executive director since 2022. Sazeda qualified as a Solicitor and has since held a number of positions within the Civil Service. Sazeda brings specialist knowledge of Human Resource strategies (CIPD qualified), Project Management (APMQ) and faith-based investing. She was awarded an MBE in 2017 for service to her local community.
Non-executive Director
Mark Sedgley
Mark joined the board in February 2025 on the completion of the transfer of engagement from Red Rose Friendly Society Limited, having been Chief Executive of Red Rose since April 2016. Mark has held a number of senior executive and non-executive directorships within the mutual financial services sector and has expertise of financial services leadership.
