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Topic: Friends Provident

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In the News (Wed 22 May 19)

  Friends Provident reports robust Q3 sales
LONDON - UK life insurer Friends Provident today announced a 40 percent increase in third-quarter life insurance and pensions sales in the UK spurred on the April reforms in the country.
Friends Provident, which is the UK's fifth-biggest insurer, said that the income from new business was 1.60 billion pounds in the third quarter, beating expectations of 1.46 billion pounds forecast by analysts.
Friends Provident also said that UK new business increased 34 percent to £3.04 billion compared with £2.27 billion reported at the same time last year.
www.abcmoney.co.uk /news/3120062638.htm   (349 words)

  CNN.com - Friends Provident makes flat market debut - Jul. 9, 2001
Demand for Friends Provident shares were close to three times oversubscribed by institutional investors, such as fund managers and pension funds, the company said. 
Friends Provident raised about £1.4 billion to fund its business.
Terms under which this service is provided to you.
edition.cnn.com /2001/BUSINESS/07/09/provident   (433 words)

  Friends Provident - Wikipedia, the free encyclopedia
Its status as a mutual society was affirmed by the Friends Provident Act of Parliament.
Friends Provident prides itself on its ethical stance.
Friends Provident has large offices in a number of locations including Manchester, Exeter and Dorking, and is the second largest employer in Salisbury.
en.wikipedia.org /wiki/Friends_Provident   (438 words)

 Friends Provident profit falls 26 pct - Boston.com
Friends Provident PLC, a Britain-based money manager, said Tuesday that full-year profit fell 26 percent as the amount of money injected into the company's funds declined.
Friends Provident aims to win new business worth as much as 200 million pounds (US$388.6 million; euro292.2 million) in profit in 2008.
Friends Provident's earnings do not include profit generated within policyholder funds that is not allocated to shareholders.
www.boston.com /news/world/europe/articles/2007/03/20/friends_provident_profit_falls_26_pct   (243 words)

 Testing boosts Friends Provident's ecommerce apps - Financial Services - Breaking Business and Technology News at ...
Financial service company Friends Provident is using software testing tools to improve the quality of its ecommerce applications.
The company's tech team designs, implements and manages ecommerce applications that deliver insurance information to banks and independent financial advisors, and needed a testing tool that could be used by distributed teams.
Craig Gibbons, senior IT consultant at Friends Provident told silicon.com: "If you go back about three years, IT at Friends Provident was working in smaller teams with business people to do projects.
www.silicon.com /financialservices/0,3800010322,39163803,00.htm   (520 words)

 Friends Provident - About us
Friends Provident has been a leader in the financial service industry for over 170 years and was one of the first companies to provide life insurance and other related products to private individuals.
Friends Provident is a highly successful and fast growing company, with £104.1 billion funds under management (at 31 December 2006), over 3,900 staff and in excess of three million policies and accounts worldwide.
Friends Provident continues to be a shareholder in EurAPCo and a member of the pan-European EurAPCo Alliance of leading insurance companies.
www.fpinternational.com /common/layouts/subSectionLayout.jhtml?pageId=fpint/SitePageSimple:about_us   (0 words)

 Success Story Friends Provident   (Site not responding. Last check: 2007-10-26)
Friends Provident is a FTSE 100 leading UK fi nancial services group with two core operations: the Life and Pensions business (marketing a broad range of life and pensions products in the UK, Europe, Asia, and the Middle East) and The Asset Management business (F&C Asset Management plc).
Friends Provident’s IT team designs, implements and manages its internal systems and the external e-commerce applications that deliver real-time quotes, policy and investment information.
Therefore, Friends Provident’s externally used applications have to both perform and be functionally accurate.
www.mercury.com /uk/customers/successes/friends-provident.html   (1211 words)

 Friends Providentplc Acquisition
Cazenove & Co. Ltd (Cazenove) is acting for Friends Provident and no one else in connection with the transaction and will not be responsible to any person other than Friends Provident for providing the protections afforded to the customers of Cazenove or for providing advice in relation to the transaction.
The expansion of Friends Provident's international cross-border operations in markets with superior growth prospects and where attractive margins can be earned has been among the group's key strategic objectives since its public listing in 2001.
Friends Provident has proven knowledge and expertise in international cross-border life assurance through its RSAI business which is one of the largest cross-border life operations and is firmly positioned in the high net worth segment.
www.advfn.com /news_acquisition_9172148.html   (2683 words)

 RTE Business - Friends Provident members vote to demutualise
British mutual life insurer Friends Provident said today that its members had voted overwhelmingly in favour of its plans to float on the London Stock Exchange next month.
The 170-year-old mutual said nearly two-thirds of its 1.7 million members took part in the ballot on the proposal and 97% of those were in favour of converting into a publicly owned firm.
Friends Provident will raise £1.4 billion of net new capital through an offer to institutional investors, UK members and customers.
www.rte.ie /business/2001/0606/friendsprov.html   (197 words)

 deVere and Partners - Friends Provident   (Site not responding. Last check: 2007-10-26)
Friends Provident International Limited (FPIL) is a member of one of the most prestigious financial organizations in the world.
The Friends Provident Group has 2.6 million customers worldwide and is a FTSE 100 company.
Friends Provident International Limited was established in the Isle of Man in 1978 and since then has built up a market-leading level of experience and expertise within the offshore life industry.
www.deverebrokers.com /friends_provident.html   (344 words)

 Friends Provident Investment   (Site not responding. Last check: 2007-10-26)
Friends Provident has been a leader in its industry for many years.
These pioneering foundations have led Friends Provident to become one of the most progressive and successful Investment and Insurance Groups in the UK.
The Friends Provident Group has £37 billion under management, around 6,000 staff, and nearly 3 million policies and accounts world-wide, from Australia to Zaire.
www.progs4wealth.com /funds/provident/provident.htm   (192 words)

 Selling Friends Provident Endowment Policy
Friends Provident received 21,788 mortgage endowment complaints between March 2000, when its dedicated complaints handling team was established, and February 2003, when its defective procedures were replaced.
"Friends Provident and its senior management failed to respond in an effective and timely manner to FSA guidance and to correct problems found in its systems when it had reasonable opportunity to do so.
Friends Provident sold 216,679 mortgage endowments polices in the period from 29 April 1988 to 31 December 2001.
www.mortgagearrangers.co.uk /friends_provident_endowment.html   (1303 words)

 Friends Provident 2004 profits up by a third - Insurance Business Review   (Site not responding. Last check: 2007-10-26)
UK life insurance company Friends Provident has recorded a 29% rise in annual profits gleaned from the benefits of a buoyant equity market, which enabled the insurer to boost income through acquisitions, a strong stock performance and greater operating efficiencies.
In explaining its good results Friends pointed to the merger involving its asset management unit and the purchase of Luxembourg-based insurer Lombard as moves that gave the company a "better balance" and the security for significant future growth.
Friends added that its focus on asset management, as well as its traditional lines, would also contribute to growth in the business.
www.insurance-business-review.com /article_news.asp?guid=5ED55B22-634D-42C9-ABC7-A3E4C8E19554   (377 words)

 Friends Provident Earnings - News - CNBC.com   (Site not responding. Last check: 2007-10-26)
Friends said contribution to profits from life and pensions sales at a group level rose 42% to 204 million pounds.
Friends Provident recommend a dividend of 7.85 pence, in line with forecasts and up from 7.7 pence per share in 2005.
Friends Provident shares trade at a slight premium to the sector and analysts said ahead of the results that they did not expect much share price reaction, but talk of consolidation in the financial sector lifted the stock over 4% on Monday.
www.msnbc.msn.com /id/17699858   (412 words)

 Friends Provident   (Site not responding. Last check: 2007-10-26)
There appears to be no stopping Friends Provident (FP).
Friends' other UK division is the Life business.
Aimed at trebling earnings to as much as £200 million by 2008, Friends is planning to invest up £30 million throughout the remainder of this year and £50 million in both 2007 and 2008 in improvements to service and technology.
www.advfn.com /column9/friends-provident-fp.html   (612 words)

 Friends Provident axing appointed rep channel - Insurance Business Review   (Site not responding. Last check: 2007-10-26)
Friends Provident made the decision to axe the appointed representative (AR) channel, which comprises approximately 200 registered mortgage advisers operating out of 109 firms, as it currently contributes less than 1% of the company's UK new business sales.
Friends Provident said that it has been in consultation with trade union Amicus and will be working with any staff affected.
Friends Provident has also agreed a deal with Intrinsic Financial Services under which appointed representatives will have the opportunity to transfer to Intrinsic.
www.insurance-business-review.com /article_news.asp?guid=6830FEB3-753A-41F2-97BA-8E6ECDF4956E   (321 words)

 Friends Provident Stewardship   (Site not responding. Last check: 2007-10-26)
My research in this market for ethical investments has led me to the Friends Provident Stewardship range of funds, which I believe offers a real opportunity for anyone who is looking for a potential return on their medium to long-term investment.
Launched back in 1984, Friends Provident's Stewardship Fund, which is managed by FandC Asset Management, now stands at £1.6 billion in size (as at July 2004); with over a 100,000 of like-minded investors who wanted a financially attractive investment that wouldn't sacrifice profit for principle, whilst also making a difference from a wider perspective.
With a history dating back to 1832, Friends Provident has become one of the leading financial services groups in the UK and a member of the FTSE100 Index of leading UK companies.
www.assetfm.co.uk /friendsprovident_stewardship.html   (1325 words)

 A responsible line at Friends Provident - Times Online
Friends Provident, founded in 1832 to provide life assurance for the Society of Friends has always been aware of its social responsibilities.
FRIENDS PROVIDENT, founded in 1832 to provide life assurance for the Society of Friends, better known as Quakers, has always been aware of its social responsibilities.
Friends Provident has also expanded its work in these fields, encouraging links with the community, promoting responsible selling of life and pensions policies and introducing flexible working.
business.timesonline.co.uk /article/0,,30089-2373206,00.html   (0 words)

 A FileTek Press Release - Friends Provident Life Office Awards FileTek Contract for Software and Services
FileTek's StorHouse/SM will be used by Friends Provident Life Office to support the DST workflow management and customer service support system handling the digital images of customer policies and correspondence.
Friends Provident Life is a customer of DST International, a wholly owned subsidiary of DST Systems.
DST provides a variety of servicing solutions, automated back-office systems, and leading-edge call-center and Internet products—all integrated to provide DST’s clients the capabilities they need to improve productivity, increase efficiencies, and provide higher levels of service.
www.filetek.com /press/releases/1999/pr_1999_friends.htm   (633 words)

 Case Study - Friends Provident - Finance, Actuarial & Tax Department
We have provided a series of case studies to show the range and success of our company's service.
In anticipation of significant organisational change, (during 2001 the organisation commenced the process of demutualisation in favour of becoming a plc), it was identified as timely for the Finance Actuarial and Tax Department to review how it was organised / functioned and assess the quality of leadership and teamwork being practised.
The "team development workshops" and the "work place follow-up" combined to provide a rich and potent catalyst for team and individual team member change.
www.nextstepltd.co.uk /case_studies/recent/friendsprovident.html   (565 words)

 Friends Provident   (Site not responding. Last check: 2007-10-26)
Many companies claim 'integrity' high among their values, but at Friends Provident it's central, standing as a signpost through everything the company does.
For example, Friends Provident was the first company to create an ethical fund for investors to allocate their funds.
In its annual report, Friends states that 'The Group is committed to its policy of encouraging employee involvement at all levels.' It assists this through briefings and discussions through the management chain, a full range of employee publications, a staff forum, and by establishing effective working relationships with staff and line management representative bodies.
www.topjobs.co.uk /corp/friendscorp/culture.htm   (333 words)

 [No title]   (Site not responding. Last check: 2007-10-26)
LONDON (Reuters) - Friends Provident came in just above expectations with a 31 percent rise in 2006 sales, but a drop in assets at its underperforming fund manager FandC, which also reported on Wednesday, pulled its shares four percent lower.
Friends, the sixth-largest UK-listed life insurer, said life and pensions new business totalled 7.07 billion pounds for the full year.
Ben Gunn, chief executive of Friends Provident Life and Pensions, said the group was on track to meet an ambitious targets of tripling its new business profit at home by 2008.
today.reuters.co.uk /news/articleinvesting.aspx?type=stocksNews&storyid=2007-01-31T094738Z_01_NOA127733_RTRUKOC_0_FRIENDSPROVIDENT-RESULTS.xml&src=rss   (214 words)

 EPR Interiors - Offices - Friends Provident   (Site not responding. Last check: 2007-10-26)
This project involved the refurbishment and extension of the Friends Provident Headquarters building in Dorking.
Having decided against rebuilding, Friends Provident needed to rationalise elements of the existing complex, and to gut and refurbish the building in its entirety, whilst also adding full air conditioning and raised floors.
As the work had to be carried out while the staff of some 600 were still working in the building, considerable planning and organisation was required.
www.epr.co.uk /design_offices_friends.html   (92 words)

 Artemis Friends Provident Microsite
We are pleased to announce that the Artemis Global Growth Fund is a component of the Friends Provident UK Special Situations Fund which is being launched on 27th October 2006.
The Fund aims to provide investors with a balanced spread of investments for long-term capital appreciation by seeking well-managed companies, primarily in the UK, where we believe there is superior potential for earnings growth.
The Fund aims to provide long-term capital growth by investment in companies listed, quoted and/or traded in the UK and in companies which are headquartered or have a significant part of their activities in the UK which are quoted on a regulated market outside the UK.
www.artemisonline.co.uk /friendsprovident   (345 words)

 Sirius v. Friends Provident
Under clause 7, "Except as otherwise provided herein, this policy is subject to the same terms, exclusions, conditions and definitions as the Policy of the primary Insurers…".
One of the preliminary issues addressed by the High Court was whether the notice clause in General Condition 2 of the primary layer (including the circumstances extension) was incorporated into the excess layer by clause 7 ("subject to the same terms, exclusions, conditions and definitions").
The Court of Appeal, however, agreed with the judge that it was perfectly possible for the letter to serve two purposes to the extent that the same insurers were involved in both years of cover.
www.onlinedmc.co.uk /sirius_v__friends_provident.htm   (2101 words)

 Friends Provident Optimizes E-Commerce Applications With Mercury BTO Software
The Friends Provident IT team designs, implements and manages internal and external e- commerce applications that deliver insurance information services to a global community of banks and independent financial advisors (IFAs).
Mercury's software helps Friends Provident exceed customer expectations of their e-commerce applications by predicting system behavior on every new application or upgrade delivered.
Friends Provident has embraced corporate governance and achieving high standards of corporate behavior and accountability to both stakeholders and customers is at the heart of its business.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-24-2006/0004457968&EDATE=   (806 words)

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