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 London Stock Exchange 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
Friends Provident International has over 35 years of international experience and is part of the Aviva group which has a heritage that dates back over 300 years.
They provide savings, investment and protection products to customers in Asia and the UAE. With offices in Dubai, Hong Kong, Singapore and the Isle of Man,
They have more than 500 staff worldwide who are committed to help customers achieve their financial goals.
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.
The UK Life and Pensions business markets a range of life protection, income protection, pensions and investment products for individual customers and corporate clients throughout the UK.
The International Life and Pensions business operates throughout Europe, Asia, and the Middle East.
Friends Provident had large offices in a number of locations including Manchester, Clyst St. Mary in Exeter and Dorking, and was the second largest employer in Salisbury. There are also a few smaller area offices such as those in Bristol and Preston.
Internationally Friends Provident had offices in Luxembourg, Hong Kong, Singapore and Dubai.
In 2009 the England and Wales Cricket Board (ECB) announced that Friends Provident would be the title sponsor for the new Twenty20 competition, the Friends Provident T20.
In 2007 Friends Provident signed a three-year deal to sponsor the domestic one-day cricket competition, The Friends Provident Trophy.
Friends Provident sponsored Southampton F.C. and help finance the building of St Mary’s Stadium, until 2006.
It is one of the leading life insurance company in United Kingdom