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Prudential Standards (1)
In Force
In effect from 1 July 2019
The ultimate responsibility for the establishment, structure and operation of a friendly society's approved benefit funds rests with the friendly society. This Prudential Standard sets out the requirements for the establishment, structure and operation of an approved benefit fund of a friendly society so that it is fair and equitable for its members.
Guidance (1)
Current
September 2013
Prudential Standard LPS 700 Friendly Society Benefit Funds (LPS 700) applies to life companies that are friendly societies registered under the Life Insurance Act 1995 (the Life Act). It sets out requirements to ensure that the establishment, structure and operation of a friendly society‚Äôs approved benefit funds are fair and equitable for its members.   |  File type: PDF  |  File size: 273.59 KB