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 2023. It gives you more information on the society, its performance and financial stability.

Annual General Meeting

The 2023 AGM was held on 14 June 2023. 

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.

Annual Report and Accounts

Download a copy of our Annual Report and Accounts for the year end 2023.

Board and Committee Terms of Reference

The Board meets at least six times per year. We also have Audit, Risk, Remuneration, Nomination, Investment & With-profits Committees.

Meet the Board

Keith Ashcroft - Director Finance & Risk

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

Peter Green - Chief Executive

Tim Birse

Tim is a qualified and experienced actuary, having spent his entire career within the mutual financial services sector. Since his retirement from full time work he has devoted much of his time to the actuarial profession’s Education Board.

Tim, who has previously acted as a Non-executive Director of Metropolitan Police Friendly Society, joined our Board in September 2016.


Keith Ashcroft - Director Finance & Risk

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

David Fawell - non-executive director

David Fawell

David was appointed a Director in December 2018, following a long career in Banking. He is an expert in payment services.

He is also a Director and Chairman of the Co-operative Credit Union.

David chairs the Board's Audit Committee.

Non-executive Director

Peter Green - Chief Executive

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

Philip Okell - Senior Independent NED

Justine Morrissey

Justine is an experienced Finance and Risk Director with extensive knowledge of the mutual financial services sector. She is a qualified actuary and as the Society’s Head of Finance and Head of Risk is responsible for monitoring the performance of our investment managers.

Justine was appointed to the Board in October 2022.

She is a Non-executive Director of Anglo Saxons Friendly Society and the Salvation Army General Insurance Corporation.

Director Finance and Risk

Peter Green - Chief Executive

Philip Okell

Philip is an experienced investment specialist working as Principal of Mosaic Money Management.

He brings experience of developing and implementing investment strategies and during his career has advised some of the UKs largest mutuals.

Philip was appointed to our Board in September 2015.

Senior Indepdent
Non-exeucitve Director

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