![]() |
The Law Commission has published a consultation paper on friendly societies as part of a review of the current law in this area. |
In a press release they stated: “The current law governing friendly societies is fragmented, outdated, and in need of modernisation. The last major update was in 1992. Friendly society law has not kept pace with developments in related areas such as company law and financial services regulation.” Commenting on the announcement, Cara Spinks, Head of Life & Health at leading independent consultancy Broadstone, said: "The Law Commission’s consultation on modernising the legal framework for friendly societies is a crucial step toward strengthening this vital sector. “Friendly societies provide affordable, customer-focused financial services that drive financial inclusion and support underserved communities. Moreover, we’ve seen first-hand the significant contribution friendly societies and the broader mutual sector make to public health, saving nearly £1bn annually for the NHS, welfare state, and employers through health protection policies. “In tandem with the government’s pledge to double the size of the co-operative and mutual sector, this review of issues around areas such as business transfers, legacy assets, demutualisation and communication will help societies operate more efficiently and adapt to the evolving needs of their members. “Moreover, allowing societies to raise capital in new ways and expand their business activities could help to fuel sustainable growth while maintaining their mutual ethos.” https://lawcom.gov.uk/news/law-commission-seeks-views-on-the-law-relating-to-friendly-societies/ |
|
|
|
Calling all actuarial associates! | ||
Flex / hybrid - Negotiable |
Actuarial Systems Manager | ||
South East / hybrid 3dpw office-based - Negotiable |
Actuarial Systems Consultant | ||
South East / hybrid 3dpw office-based - Negotiable |
Multiple Pensions Contracts | ||
London/Scotland/Remote - Negotiable |
Actuarial modelling expert - life ins... | ||
UK flex / hybrid 2-3 dpw office-based - Negotiable |
Professional Trustee | ||
London or Manchester / Hybrid 3dpw office-based - Negotiable |
Professional Trustee | ||
London or Manchester / Hybrid 3dpw office-based - Negotiable |
Products Expert - Life Insurance | ||
Scotland / hybrid 2 days per week office-based - Negotiable |
Senior Capital Modelling Actuary | ||
London - £150,000 Per Annum |
Senior Pricing Actuary | ||
Fully remote - Negotiable |
STAR EXCLUSIVE: GI model validation lead | ||
Flex / hybrid 1 dpw office-based - Negotiable |
NEW: In-house Pensions Actuary role | ||
London or North East with flexi working - Negotiable |
Scheme Actuary | ||
South East / hybrid 2 dpw in the office - Negotiable |
Varied Pensions Actuarial Manager | ||
UK-wide / hybrid 2 dpw office-based - Negotiable |
Investment Consultant | ||
South West / hybrid 2 dpw office-based - Negotiable |
Senior Actuarial Trainee - BPA | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
BPA Pricing Lead | ||
Flex / hybrid with 2 days p/w office-based - Negotiable |
BPA Pricing Actuaries | ||
Flex / hybrid 2-3 dpw office-based - Negotiable |
BPA Pricing Senior Actuary | ||
Flexible / hybrid with 2 days p/w office-based - Negotiable |
Solvency II GI Contractor - Immediate... | ||
London / hybrid - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.