Cirencester Friendly pays 94pc of claims

The society’s assets reached £74.5m in 2014, 8.8% higher than the £68.5m recorded in 2013.

Paul Hudson, chief executive at Cirencester Friendly, said: “It is satisfying to be able to report that Cirencester Friendly has once again seen strong annual growth.

“It is a testament to the dedication of the society’s staff that membership, premium and investment income and the value of the society’s assets have all increased in 2014.

“2015 marks the 125th anniversary of the founding of the society and we look forward to continuing to deliver on our promise to help members financially when they need us most, and to providing the highest standards of service to our members and the advisers who recommend the society to their clients.”

Its members were awarded £2m in bonuses for the year.

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