Explore the history of the Lloyd’s Benevolent Fund.
A timeline of our history
1829
Lloyd’s Benevolent Fund is founded
Lloyd’s Benevolent Fund is founded. The first year’s contributions amount to £48.
1832
First full set of rules drawn up
The first full set of rules were drawn up and the objectives stated “those who may be reduced to distress by unavoidable misfortune and who by their uniform good conduct and respectable character shall be deemed worthy of such relief” rings just as true today as it has ever done.
1889
Ten year standing rule removed
The 10 year standing rule was removed and discretionary power was given to “assist in deserving cases”.
1922
Extension of objectives
The objectives were extended for the benefit of “staff and dependants” in “necessitous circumstances”.
1961
The Fund becomes a registered charity
From its small beginning the Fund thrived and became a registered Charity under the Charities Act.
1966
Eligibility update
It was agreed that Corporation staff should become eligible for assistance.
1989
Subscriptions from Members of Lloyd’s ceased
The Fund has not received subscriptions from Members of Lloyd’s since 1989 and relies on its investment income and donations to carry on providing financial support.