Friends Provident Plc

One of the leading financial services groups in the UK, Friends Provident was founded in 1832 to provide life insurance for Society of Friends (or Quakers).

Friends Provident was founded on high principles – to help families facing hardship and misfortune, these principles are still a main factor which drives them on.

Friends Provident – Core Businesses

Friends Provident has two main core businesses, these are:

• Life and Pensions – a broadly based range of life and pensions products. These products are marketed through the Independent Financial Advisers and a number of direct marketing channels.
• Asset Management – Friends Provident Plc is a major shareholder (67%) of ISIS Asset Management Plc, which markets a range of investment products to personal and institutional customers.

Friends Provident – Business Strategy

Friends Provident’s main aim is to build on their position as one of the leading Life and Pensions and Asset Management groups within the UK. Therefore their objectives include:

• Enhancing their presence in the life and pensions market by building on their share of this sector in a focused and profitable manner.
• Friends Provident aim to strengthen their investment capability. Also developing ISIS Asset Management Plc into a leading retail asset management business.
• Aiming to grow and expand using their own resources and pursuing acquisition opportunities to increase shareholder value.

Products and Services provided by Friends Provident

The wide range of products that Friends Provident deliver to their customers are designed to help them plan for life’s important milestones and unexpected events. This means that Friends Provident can cater for all their customers which include commercial businesses, individual customers, local government and charities. The range of products are:

• Retirement Planning
• Protection Plans
• Savings and investments
• Mortgages

Source – www.friendsprovident.co.uk