Central England Co-operative Special Members' Meeting Part II

Live Broadcast 13 May 2022 12 noon
Welcome to the Central England Co-op Special Members' Meeting Part II broadcast site.
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About the meeting

We’re delighted to host our 2022 Special Members' Meeting Part II on 13 May 2022.

The meeting will be held online for you to watch live from 12 noon.

Special Members’ Meetings – 13 May 2022, 12 noon

Members may be aware that with effect from 29 July 2022, organisations that sell and administer pre-paid funeral plans must be registered with, and authorised by, the Financial Conduct Authority (FCA). The Society has been making preparations for regulation and the Board approved creating a new FCA regulated entity, a subsidiary of Central England Co-operative Limited, agreeing that this would represent the best outcome for our members and customers.

The new Society is named Central England Co-operative Funeral Plans Limited. It will take responsibility for the existing portfolio of Central England Co-operative funeral plans, as well as be the provider of new funeral plans within the Central England Co-operative Group The best way to transfer responsibility for the existing portfolio of Central England Co-operative Limited funeral plans, as well as all new funeral plans is to action a ‘partial transfer of engagements’ – a formal process that allows co-operative societies to transfer parts of their business to other co-operative societies.

At a Special Members’ Meeting held on 27 April 2022, members passed a special resolution to transfer the Society’s pre-paid funeral plan business to Central England Co-operative Funeral Plans Limited.

 

A second Special Members’ Meeting will be held on Friday 13 May 2022, 12 noon to consider, and if thought fit, pass an ordinary resolution confirming the special resolution.

You can find more information and an explanatory note about the special members’ meeting resolution here.

 

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