About Kent Reliance Provident Society
Kent Reliance Provident Society (KRPS) is a mutual organisation formed as part of the transfer of Kent Reliance Building Society's business to OneSavings Bank plc (OSB) in 2011.
The membership of the former building society was transferred to KRPS while OSB, trading as Kent Reliance, krbs and Kent Reliance Banking Services, carries on the banking activities.
At the Annual General Meeting (AGM) of the Society on 26 July 2022 the members agreed the proposal to wind up the Society, with its assets being transferred into a new charity, the ‘Kent Reliance Community Foundation Limited’. Philip Heddell and Richard Barker of Ernst & Young LLP were appointed Joint Liquidators of the Society to wind-up KRPS and have worked with OSB to implement those proposals. The Joint Liquidators of the Society are now in a position to conclude the liquidation of KRPS and have published their final account to members here. The final account has also been filed with the Financial Conduct Authority (FCA) along with a certificate under section 126 of the Co-operative and Community Benefit Societies Act 2014. The FCA will now cancel the registration of the Society.