Building on the Friendly Society legacy

Response to Law Commission consultation

clock • 4 min read

Andy Morris, CEO, Cirencester Friendly, discusses the Law Commission consultation on friendly societies and its potential impact on the market.

Friendly societies have played a vital role as mutual insurers in supporting people and communities for more than 200 years. They have fostered social cohesion and provided essential financial support when it has been most needed, allowing members to proactively secure the lives they've built. I passionately believe in mutuality as an alternative business model that remains relevant for the challenges of the modern world. I've seen first-hand the enormous benefits friendly societies offer their members, stepping in to help when people are at their lowest and most vulnerable. They are abo...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Sarah Pritchard named FCA's deputy CEO

Sarah Pritchard named FCA's deputy CEO

Promoted to the newly created role

Jenna Brown
clock 11 June 2025 • 1 min read
FCA partners with international regulators on 'rogue' finfluencers

FCA partners with international regulators on 'rogue' finfluencers

Crackdown on illegal financial promotions

Isabel Baxter
clock 06 June 2025 • 3 min read
FCA updates Enforcement Guide

FCA updates Enforcement Guide

Adds to ‘name and shame' proposals

Jenna Brown
clock 03 June 2025 • 2 min read