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
Annual General Meeting
The 2020 AGM was held on 23 September 2020.
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
Steven joined our Board in August 2014 following his retirement as Chairman and Non-executive Director of Vernon Building Society.
He’s enjoyed a long and successful financial service career working mainly in the mutual sector.
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 Independent Non-executive Director
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 previous acted as a Non-executive Director of Metropolitan Police Friendly Society, joined our Board in September 2016.
David was appointed a Director in December 2018, following a long career in Banking. He is an expert in payment services. David is also a Director and Chairman of the Co- operative Credit Union.
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. Peter, who is married with two grown up children, has a MBA specialising in small business growth.
Keith, an experienced Chartered Accountant and Finance Director, joined the Society in September 2017 and was appointed to the Board in January 2018. Keith is the Society’s Head of Finance and Head of Risk and is responsible for monitoring the performance of our investment managers.
Director Finance and Risk