Friends Provident Society
 |
|
| Subsidiary | |
| Industry | Financial Services |
| Founded | 1832 |
| Headquarters | London, UK |
|
Key people
|
Trevor Matthews, (Group Chief Executive) |
| Products | Insurance, Inheritance tax products, Investment Management Pensions |
| Revenue | £949 million (2008) |
| £(871) million (2008) | |
| £(666) million (2008) | |
| Owner | Resolution |
|
Number of employees
|
Around 6,000 worldwide |
| Website | Friends Life |
Friends Provident was an organisation offering life insurance based in the United Kingdom. It was founded as a mutual Friendly Society for Quakers, although it was demutualised in 2001 and became a publicly listed company, no longer linked with the Religious Society of Friends. On 29 March 2011 Friends Provident changed its trading name to Friends Life, although its registered name remains as Friends Provident.
The head office was located at 100 Wood Street in London. The registered office is at Pixham End, Dorking in Surrey. It is a member of the Association of British Insurers and is regulated by the Financial Conduct Authority. It was listed on the and a constituent of the FTSE 100 Index until being acquired by buyout firm Resolution in November 2009. F&C Asset Management demerged from Friends Provident in 2009.
The Company was founded by Samuel Tuke and Joseph Rowntree, both Quakers, in 1832 in Bradford as the Friends Provident Institution, a friendly society for members of the Religious Society of Friends (Quakers). In 1854 it became a mutual life assurance company. In 1918 it acquired Century Insurance and in 1926 it bought Liverpool Marine & General Insurance.
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