Friendly Societies: Reviews

(asked on 26th April 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will launch a review of the adequacy of legislation on friendly societies; and if he will make a statement.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 28th April 2021

The Government has noted the recommendations of the recent APPG for Mutuals report into the demutualisation of LV=Life and Pensions and will work with the regulators to ensure the market continues to function effectively. The Government currently has no plans to launch a review into the adequacy of legislation for friendly societies but will continue to monitor the situation.

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