We will not be processing new applications to join the Society until after the SGM on 26 October 2021 and only then if the resolution to become a discretionary mutual is approved. If the resolution is approved, applications to become a member will be processed from 27 October 2021 and new members will be admitted and payment taken from 1 January 2022 when the new Rules take effect.
The Society will be holding an SGM via Zoom on October 26 at 2pm to decide on the future of Lady Grover’s Fund. You can find out more by referring to the Covering Letter, Prospectus and SGM Notice and Voting Form. Members will be asked to vote on whether to adopt the new Memorandum and Rules, as well as the proposed changes outlined in the Prospectus. You can vote by attending the SGM or you can e-mail or post your vote to us by Saturday 23 October. Details on how to do this can be found in the SGM Notice and Voting Form. Large print versions are available showing the […]
Here are the new Memorandum and Rules proposed for Lady Grover’s Fund, a letter to members will follow.
Minutes from the Lady Grover’s Fund 96th Annual General Meeting are available to view here.
The Lady Grover’s Fund May 2021 Newsletter is available to view here.
Introduction Lady Grover’s Fund (”LGF”) is a Friendly Society authorised to provide health insurance. As such it is regulated by the Prudential Regulatory Authority (“PRA”) and the Financial Conduct Authority (“FCA”). It is run by an elected Committee (all volunteers) and employs a paid Chief Executive. Member Services including claims administration are provided by a trading subsidiary of the Officers Association (“OA”). The OA is a Charity, but not its subsidiary. In December 2020, we wrote to members outlining our proposal to rewrite the constitution and rules of LGF – it would still be Friendly Society, but the provision of claim benefits would be subject to Committee discretion. Members would […]
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 […]
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.
Lady Grover’s Fund provides financial help at the most difficult of times. Lady Grovers’ Fund assists with recovery after illness or injury, bridging the critical gap in healthcare provision which exists between long-term health insurance, the NHS and family support. Whilst there are many grant-giving charities providing support to officer’s dependants, there are few able to provide the level of assistance Lady Grover’s Fund offers. In the first 3 quarters of 2020, Lady Grovers’ Fund has met the claims of 33 members and paid out a total sum of £41K to provide additional nursing, hospital or domestic care to people when they need it most. Period No of Claims Value […]