Looking after Britain’s wellbeing for almost 150 years
In April 1868, the Reverend Canon George Portal founded The Surrey County Deposit Benefit Club, a savings scheme designed to enable local working people to pay for their healthcare and take care of themselves in times of ill-health. Just a few years later, we had spread our wings to become the National Deposit Friendly Society.
In the years that followed two world wars we contributed funding to William Beveridge, an influential figure in the formation of the welfare state including the National Health Service. Our funding supported his report ‘Voluntary Action’, assessing the joint roles of the state and friendly societies in welfare provision.
Since then, similar to other friendly societies, we helped families to save for the future, and we grew still further – adding new members, launching new products and merging with other societies. Today, as we approach 150 years in the health sector, we’re proud to remain a mutual business, with over 49,000 members*, each of whom has a stake in our success.
We launched our highly innovative Healthcare Deposit Account in 2006, and closed our doors in 2011 to ensure the society could meet its capital obligations under the new regulatory rules. This allowed us to focus exclusively on serving our existing customers.
In 2016, we opened our doors once again.
Looking to the future
We’re back with a fresh look and a fresh approach, but still doing what we’ve done best for a century and a half: helping Britain’s people access quality healthcare. We believe that you should have more choice and value for money. Together, we’re growing, innovating – and looking to the future with confidence.
*as of our AGM mailing data in June 2017