Over 30 members attended the SGM and will know that there was a substantial vote in favour of the Society’s proposal to incorporate and offer benefits on a discretionary basis. We undertook to count all votes posted prior to the SGM and allow a further 7 days for their receipt. We can now announce that 797 members voted FOR the SGM resolution and 29 AGAINST. Accordingly, the Society is proceeding to register the Memorandum and new Rules. We noted at the SGM that a few members had gained the impression that we might be intending to means test the benefits that we pay. We would assure our members that we […]
The Lady Grover’s Fund May 2021 Newsletter is available to view here.
The Committee of Management (Board) is accountable to the members of Lady Grover’s Fund (LGF) and UK Regulators for the operation of LGF and regards good corporate governance as fundamental to this responsibility. The Board confirms that this report together with LGF’s annual report and financial statements (available from LGF on request) present a fair, balanced and understandable view of LGF, providing sufficient information for members to assess LGF’s performance, business model and strategy. LGF follows the AFM Corporate Governance Code issued in January 2019. This code, which focusses on culture within the organisation and stakeholder engagement, sets out Principles of Best Practice to be adopted on a comply and […]
An overview document about Discretionary Mutuals as an insurance concept has been prepared by the Association of Financial Mutuals. Click to open the document: “Discretionary Mutuals:an introduction by the Association of Financial Mutuals”
1 Dec 2020 Dear Lady Grover Member The SituationAs members will know, for several years now your Committee has been adjusting Lady Grover’s Fund subscriptions and Rules as well as our operating patterns and governance, to best protect our long-term ability to support our members. Lady Grover’s, like many other Societies, has an ageing membership and it has not recently been able to attract new members in sufficient numbers. Membership numbers have reduced by about 20% over the last 5 years from a peak of around 3,200. Administration costs are also an issue for the Society; the administration has been outsourced to the Officers’ Association (OA), but this proved insufficient […]
The Lady Grover’s Fund December 2020 Newsletter is available to view here.
The Lady Grover’s Fund May 2020 Newsletter is available to view here.
A Note from your Chairman. The Committee joins me in wishing you all the very best in these uncertain times. We are thinking of you wherever you are in the world and hope that you and your families are safe and well and remain so and we are mindful that most of our Members are within the group deemed most vulnerable. The Committee has already met using online technology and will continue to do so whilst social distancing is in force. I would like to reassure you that Lady Grover’s Fund is continuing to operate in these difficult times and existing members can make claims and eligible new people can continue to […]
Minutes of the Lady Grover’s Fund 2018 Annual General Meeting are available to view here.
Minutes of the Lady Grover’s Fund 2017 Annual General Meeting are available to view here.