Kent Reliance Provident Society
 | |
| Company type | Mutual |
|---|---|
| Industry | Financial services |
| Founded | 2011 |
| Headquarters | Chatham, Kent, United Kingdom |
Key people | Malcom McCaig |
| Subsidiaries | OneSavings (59.9% share) |
| Website | http://www.krps.com |
Kent Reliance Provident Society (KRPS) is an Industrial and Provident Society in the United Kingdom. KRPS currently holds the majority of shares in OneSavings[1] following the transfer of the Kent Reliance Building Society business to OneSavings PLC in Feburary 2011. [2] The remaining shares in OneSavings are owned by the private equity firm JC Flowers.The transfer was narrowly approved by Kent Reliance Building Society members [3], 75.8% of members voted for the tranfer, with 75% required to approve it. KRPS claims on it's website that "...it is in the members' best interests to retain a structure that can allow for continued mutuality (through KRPS), rather than bring about an outright demutualisation [Of KRBS]."[4] ,however, this could change in the future if KRPS reduces it's stake in OneSavings.[5]
All members of the former Kent Reliance Building Society became members of KRPS as of Feburary 1st 2011. [6]
KRPS Rewards
KRPS Rewards is a discount club which is free to join for KRPS members.[7]
See Also
Kent Reliance Building Society
References
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