Corporate Governance
The Management Committee is accountable not only under statue and regulation but also to the Society's members for the operation of the Society, It regards corporate governance as an important part of its conduct.
The Association of Financial Mutuals has continued to develop the Annotated Corporate Governance Code. Although the Combined Code was originally designed with the good governance of listed companies in mind this annotated version is more closely focused on the business of mutual insurers.
The Society is committed to implementing the provisions necessary for good corporate governance, where they are pertinent to the size and nature of our business, and will follow the process set out in the Annotated Corporate Governance Code.
The provisions encompass many areas of conduct, including composition of the Management Committee, conduct of meetings, appropriate sub-committees, internal control, member relations and engagement, accountability and audit, remuneration and financial reporting.
Fuller details are provided each year in the Society's annual accounts.
Downloads available
- Report of the With-Profits Actuary to With-Profits Policyholders for the year 2022
- Report of Management Committee to With-Profits policyholders 2022 Signed
- The 2022 Annual Report and Financial Statements are now available. Click on this link to view and download the file.
- The Solvency and Financial Condition Report for 2022 is now available. Click on this link to view and download the file.
- Report of the With-Profits Actuary to With-Profits Policyholders for the year 2021
- Report of Management Committee to With-Profits policyholders 2021 Signed
- The Report of the With-Profits Actuary to With-Profits Policyholders for the year 2021 is now available.
- The Solvency and Financial Condition Report for 2021 is now available. Click on this link to view and download the file.
- The 2021 Annual Report and Financial Statements are now available. Click on this link to view and download the file.
- The 2020 Solvency and Financial Condition Report is now available. Click on this link to view and download the file.
- The Report of the With-Profits Actuary to With-Profits Policyholders for the year 2019 is now available.
- Report of the Management Committee to With-Profits Policyholders for the year 2019
- The 2019 Annual Report and Financial Statements are now available. Click on this link to view and download the file.
- The 2019 Solvency and Financial Condition Report is now available. Click on this link to view and download the file.
- The 2018 Solvency and Financial Condition Report is now available. Click on this link to view and download the file.
- Report of the With-Profits Actuary to With-Profits Policyholders for the year 2018
- Report of the Management Committee to With-Profits Policyholders for the year 2018
- 2018 Annual Report and Financial Statements
- Report of the With-Profits Actuary to With-Profits Policyholders for the year 2017
- Report of the Management Committee to With-Profits Policyholders for the year 2017
- Privacy Policy
- Diversity Policy
- 2017 Solvency and Financial Condition Report
- 2017 Annual Report and Financial Statements
- Audit & Risk Management sub-Committee Terms of Reference
- Report of the Management Committee to With-Profits Policyholders for the year 2016
- 2016 Solvency and Financial Condition Report
- 2016 Annual Report and Financial Statements
- Principles and Practices of Financial Management
- Consumer Friendly Principles and Practices of Financial Management (CFPPFM)
- With Profits Advisory Arrangement Terms of Reference
- 2015 Annual Report and Financial Statements
- 2014 Annual Report and Financial Statements
- 2013 Annual Report and Financial Statements
- 2012 Annual Report and Financial Statements
- Specimen letter of appointment for Management Committee members