An online history of Friends Provident. Discover the story of Friends Provident from the leading UK finanancial services company of today back to our earliest times.  Behind us stands a history of prudent investment, trusting relationships, and service innovation - all adding up to the power of FRIENDS.
Resolution logo

2009

A new chapter

Friends Provident is acquired by Resolution Ltd, creating Friends Provident Holdings (UK) Ltd. The acquisition opens up a new chapter in Friends Provident's history and fires the starting pistol for the next round of consolidation within the UK life insurance industry.

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Cricketer

2009

Friends Provident sponsors Twenty20 cricket

A new domestic Twenty20 cricket competition is launched - the Friends Provident t20. The four-year sponsorship deal takes Friends Provident's long-term support for cricket into an exciting new phase.

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Michael Jackson

2009

Historical Event

'King of Pop' dies aged 50

The death of Michael Jackson is met with shock and disbelief by music fans around the world. Tributes flood in for the 'King of Pop', who had been scheduled to stage a comeback tour in 2009.

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F&C logo

2009

FRIENDS demerges F&C stake

Friends Provident creates a new holding company - Friends Provident Group plc - and demerges its majority stake in F&C Asset Management plc. The demerger allows Friends Provident to concentrate on its core business and is a major milestone in the repositioning of the Company.

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Global recession

2009

Historical Event

Global recession takes hold

The effects of the global economic downturn continue to be felt around the world. As the UK enters recession for the first time since 1991, the Bank of England drops interest rates to an all-time low of 0.5%.

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Malaysian skyline

2008

FRIENDS enters Malaysian market

Friends Provident expands into Malaysia with the acquisition of a 30% stake in Malaysian life insurer AmLife.

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IBM logo

2008

FRIENDS signs £200 million deal with IBM

A landmark IT outsourcing deal with IBM generates potential annual cost savings for Friends Provident of around £6 million a year.

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Obama giving a speech

2008

Historical Event

Obama election makes history

Barack Obama is elected 44th President of the United States - the first African-American to be elected to the position.

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Lehman Brothers building

2008

Historical Event

Lehman Brothers bankruptcy sends shock waves through financial sector

Global financial services company Lehman Brothers files for bankruptcy. In response the Dow Jones industrial average falls 500 points in one day.

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Olympics opening ceremony

2008

Historical Event

Beijing Olympics biggest yet

At £20 billion, the Beijing Olympics are the most expensive in history. Usain Bolt runs the 100m sprint in 9.69 seconds and Michael Phelps wins a record-breaking eight gold medals.

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Trevor Matthews

2008

Trevor Matthews joins FRIENDS

Trevor Matthews takes up his appointment as Group CEO. Trevor's outstanding track record and global experience make him the ideal leader for Friends Provident.

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Using a compass

2008

A change of direction

January 2008 sees the launch of a two-year programme to transform Friends Provident into a more streamlined, more focused and more profitable business.

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Greenbee logo

2007

Greenbee life cover goes online

Friends Provident’s Greenbee branded system is seamlessly linked to the Greenbee website. Customers can now quote, apply for and purchase policies online.

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photo of Singapore high rise buildings

2007

A double launch in Singapore: a new office and innovative new product

Friends Provident International (FPI) marks the official opening of its new office in Singapore with the unveiling of a unique wealth management product aimed at high net worth individuals.

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Sesame and Pantheon Financial logos

2007

Sesame and Pantheon Financial join the FRIENDS family

The Friends Provident Group acquires Sesame Group and Pantheon Financial Ltd in two separate deals. Continuing to operate independently, the companies significantly strengthen Friends Provident’s investment in the distribution market.

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Friends Provident Trophy logo

2007

Durham wins the first Friends Provident Trophy

Friends Provident begins its sponsorship of England’s premier one day cricket competition. Durham beats Hampshire at Lords to win the FRIENDS Trophy.

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175 anniversary logo

2007

Friends Provident is 175 years young

Founded in 1832, Friends Provident celebrates its 175th anniversary with a summer party at the V&A and donates a total of £175,000 on behalf of staff to the charities they support through the FRIENDS in the Community scheme.

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Stewardship promotional literature

2006

Stewardship is first ethical fund to £1 billion

The Friends Provident Stewardship Pension fund becomes the first retail ethical fund in the UK to reach the landmark of having over £1 billion under management. Overall Stewardship funds reach £2.4 billion.

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John Lewis shop

2006

A new kind of alliance in store

Friends Provident and The John Lewis Partnership's new direct services company - Greenbee - join forces to offer life assurance policies to Waitrose and John Lewis customers.

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photo of Live8 concert

2005

Historical Event

Making poverty history

The Live8 events, consisting of 10 simultaneous concerts around the world, raise the issues of international aid and globalisation.

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photo of 100 Wood Street London

2005

Square Mile welcomes new head office

London Head Office moves to 100 Wood Street, London - stylish offices in keeping with the global financial strength of the group.

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Lombard logo

2005

International profile goes from strength to strength

£183 million secures the acquisition of Lombard International Assurance SA. The new addition specialises in wealth management and estate planning for high net worth individuals around the globe.

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NAB and Barclays logos

2004

'Depolarisation' not too chilling for Friends Provident

Tied advisers can now offer products from more than one provider. Friends Provident secures key panel positions with leading Independent Financial Advisers and with leading distributors, including Barclays, Portman Building Society and National Australia Bank.

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Friends Provident Foundation logo

2004

Foundation signals a new approach to charity

The Friends Provident Foundation, the grant-making charity established in the wake of the flotation, is launched.

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Olympic flag

2004

Historical Event

Olympics at home in Greece

The Summer Olympics are staged in Athens, just over 100 years after the modern games were first reintroduced to the world there in 1896.

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F&C logo

2004

F&C mergers sees funds under management double again

ISIS Asset Management merges with F&C to create one of the UK's top five asset management groups. Total funds under management now exceed £118 billion. The new group is named F&C Asset Management plc, with its head office in Primrose Street in London.

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eSelect protection marketing literature

2003

eSelect puts business firmly online

The new online system allows advisers to write protection business directly over the internet.

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Countrywide logo

2002

Distribution goes Countrywide

A ground-breaking 15 year exclusive distribution deal is concluded with Countrywide, one of the UK's largest estate agency networks.

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ISIS logo

2002

A new name for old Friends Ivory & Sime

The asset management company becomes known as ISIS Asset Management plc and moves to 100 Wood Street, London.

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Royal & SunAlliance logo

2002

Altogether better, Royal & SunAlliance Investment joins group

The acquisition of Royal & SunAlliance Investment confirms the group's commitment to building asset management operations, extending its international presence and growing market share.

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iPod music player

2001

Historical Event

Music on the move, Apple iPod appears

Computer company Apple reverses its rocky fortunes with the release of the music-playing iPod, which goes on to become the iconic device of a generation.

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Stock Exchange logo

2001

Stock market flotation is the year's largest

Following successful demutualisation, Friends Provident plc debuts on the London Stock Exchange, joining the FTSE 100 index of leading companies. The company's reputation for social responsibility also gains the company admission to the FTSE4Good index.

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British Computer Society logo

2000

Stakeholder pension wins top award

Friends Provident's innovative stakeholder pension system wins the British Computer Society's prestigious award for excellence in information systems.

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screenshot of friends provident web page

2000

Everyone gets online with Extranet and Intranet

Financial intermediaries can now access information through a new Extranet, while internal communications are revolutionised by a new Intranet.

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Responsible Engagement Overlay logo

2000

Going green, Friends Ivory & Sime introduce REO®

Responsible Engagement Overlay (REO®) is designed to encourage companies to improve their social, environmental and ethical policies.

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