In this area you will be able to have a look at our Board of Directors and learn a bit about who they are.

You will also find our most recent Annual Reports & Financial Statement.

Simon Whale BA (Hons)

Chair of the Board of Directors

Chair of PG Mutual Services, Member of the Remuneration and Nomination Committee

Simon is the managing director and co-owner of Luther Pendragon, the leading corporate communications consultancy based in the City of London.

His firm has advised a wide range of clients in the financial services sector, including Aviva, Endsleigh and HSBC. He worked with the AFS for more than ten years, helping the organisation promote the benefits of mutuality to the government and politicians. This helped to pave the way for a new, less restrictive legislative regime for friendly societies. He has worked extensively with healthcare organisations, including those representing pharmacy, dentistry, optometrists and opticians. His work with the pharmacy sector spans more than 15 years.

Matthew Dreaper, BSc (Hons), ACMA, CGMA

Senior Independent Director and Vice-Chair of the Board

Member of the Audit and Risk Committee, Member of the Investment Committee

Matthew runs Chilcomb Management Services, which has worked with private and professional investors to establish, fund and grow a number of early-stage businesses, primarily in the technology sector.

Matthew qualified as a Chartered Management Accountant while working for Cable & Wireless PLC and went on to be the European Corporate Finance Manager for Hertz. He has been a Finance Director in various capacities since 2001, including 2 years as Group Finance Director of Nucare PLC, one of the UK’s leading independent pharmacy groups until its merger with Numark.

David Gulland, BA (Hons), FIA

Independent Non-Executive Director

Chair of the Audit and Risk Committee, Member of the Investment Committee

David has spent his whole career working in the life insurance market, both in the UK and overseas. He initially spent 25 years as a consulting actuary working for a wide range of insurers on issues such as financial management, product design, strategy, and mergers & acquisitions. This included a focus on both the mutual sector and on protection business.

David went on to be the Managing Director of RGA's UK reinsurance business until 2011 before taking on the role of Chief Risk Officer and then Chief Executive of Marine & General Mutual until 2015.

He is currently on the Independent Governance Committee of Royal London, the Chair of Scottish Friendly’s With-Profits Committee, a non-executive director and Chair of Hodge Life’s Risk and Conduct Committee and a member of the Compliance Committee of the Funeral Planning Authority.

Paul Howley, MSc, ARCS

Independent Non-Executive Director

Chair of the Remuneration and Nomination Committee, Member of the Audit and Risk Committee

Paul joined The Nottingham Building Society as Chief Technology and Transformation Officer in December 2022. Prior to this, he was interim Chief Operating Officer at the Yorkshire Building Society (YBS) where he was at the forefront of pushing forward their technology and transformation agendas, as well as being a passionate member of their Diversity and Inclusion committee. Paul has also held senior roles at RSA, Lloyds Banking Group and RBS.

Denise Hadgill, BSc (Hons)

Independent Non-Executive Director

Chair of the ICom; RNC Member

Denise has spent over 35 years in the investment management industry. After being a research analyst first in the Eurobond market at SGST and then in the equity oil sector at Smith New Court, she moved into fund management at Schroders where she was a UK Equity Fund Manager and Director responsible for the firm’s relationship with UK pension funds and charity clients with multi asset portfolios. Denise went on to be a Managing Director and Head of the UK Product Strategy group at BlackRock where she was responsible for delivering the firm’s investment message and economic outlook to an extensive range of UK clients. She is currently a non-executive director on the board of Henderson Diversified Income Trust.

Andy Elkington

Chief Executive Officer

Managing Director of PG Mutual Services

Andy joined PG Mutual as Chief Executive Officer and Director in May 2022.

He brings over 30 years of experience working in the financial services industry and has significant experience in sales, marketing, operations, and stakeholder management. Before joining PG Mutual, Andy worked as Sales and Marketing Director for the Police Mutual Group and has held a variety of senior management roles at Legal & General, Virgin Money and RSA.

Deborah-Jo McFarlane, FCCA

Finance Director

Member of the Audit and Risk Committee, Member of the Investment Committee

Deborah McFarlane was appointed as Finance Director in January 2017. Deborah joined PG Mutual as Financial Officer in January 2013. She brings over 16 years of experience to the Society overseeing all aspects of finance within the financial services sector.

Prior to joining the PG Mutual, Deborah worked for Communication Workers Friendly Society for 10 years and was instrumental in overseeing its transfer of engagements to Forester Life in 2011. She also worked for CS Healthcare as Director of Finance during 2012. Deborah qualified as a Certified Accountant whilst working at Communication Workers Friendly Society as Head of Finance in 2009 and has held a number of senior finance roles both in the financial services and public sector since 2001.

Annual Reports & Financial Statements

Our most recent Annual Report and Financial Statement is available to download. If you should require any further information please do not hesitate to contact us.

PG Mutual Report & Accounts 2023

For previous Annual Reports and Financial Statements, please log into your Member Area.