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
Annual General Meeting
The 2024 AGM was held on 12 June 2024.
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
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.
Chair
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
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
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
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
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.
Philip is our Senior Independent Non-Executive Director, Deputy Chair and Whistleblowing Champion.
Senior Independent
Non-executive Director
