Medical Protection is a mutual organisation. This means our assets are owned by our members and the organisation exists to act in their interests. We make decisions that best support members’ needs.
We exist purely for the benefit of our members, with no shareholders to answer to
One of the benefits of your membership is the ability to ask for assistance if you need help or support. Our board of directors – MPS Council – uses discretion to decide whether or not support should be given. Although it is rare, in some circumstances it may be appropriate to decline or limit assistance, where assisting an individual member is not in the interests of the membership as a whole.
In an increasingly challenging environment, you need world-class advice, support and protection tailored to your individual circumstances. To safeguard your interests long into the future, we need to charge a membership subscription that reflects the level of risk that is associated with your area of practice.
If you are in any doubt over any legal issue at any time, we would encourage you to get in touch immediately to ask our advice. There is no stigma attached to seeking guidance or support, and we would rather you asked for help in time to avoid a problem instead of waiting and hoping for the best, only to find yourself in greater difficulties later.
The benefits of membership of MPS are discretionary as set out in the Memorandum and Articles of Association. One of these benefits is the option for members to ask for assistance from MPS if they need help or support. MPS’s board of directors – MPS Council – uses discretion as to whether or not support should be given. As a mutual organisation, MPS continually weighs the interests of individual members against the interests of the membership as a whole. In some circumstances it may be appropriate to use discretion to decline or limit assistance, where assisting a member is not in the interests of the membership as a whole.
We aspire to best practice in corporate governance. Our board – MPS Council – is supported by the Remuneration Committee and advised by leading actuaries, accountants and investment managers.
MPS Council is the name given to MPS’s board of directors, who meet around eight times a year. In addition to the Chief Executive and the Finance Director, the Council is made up of professionals with mostly a healthcare or financial services background, all of whom are elected by the membership. Council has overall responsibility for the MPS business and setting strategic direction.
The Executive Committee assists and advises the Chief Executive in the day-to-day running of the organisation. The Executive Committee has extensive experience and specialised knowledge, working to implement the strategy set out by Council.