Shepherds Friendly Society: Difference between revisions
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{{Short description|British friendly society}} |
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{{Use dmy dates|date=July 2015}} |
{{Use dmy dates|date=July 2015}} |
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{{Use British English|date=July 2015}} |
{{Use British English|date=July 2015}} |
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{{Infobox company |
{{Infobox company |
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| logo = |
| logo = Shepherds-friendly-logo.png |
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| name = Shepherds Friendly Society |
| name = Shepherds Friendly Society |
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| type = [[Friendly Society]] |
| type = [[Friendly Society]] |
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'''Shepherds Friendly Society''' is a UK [[friendly society]] and one of the oldest [[mutual insurer]]s in the world.<ref>[http://www.moneynews.co.uk/2779/shepherds-come-bearing-gifts/ Shepherds come bearing gifts], ''Money News'', 15 Dec 2006</ref> |
'''Shepherds Friendly Society''' is a UK [[friendly society]] and one of the oldest [[mutual insurer]]s in the world.<ref>[http://www.moneynews.co.uk/2779/shepherds-come-bearing-gifts/ Shepherds come bearing gifts], ''Money News'', 15 Dec 2006</ref> |
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It is an incorporated society in the United Kingdom within the meaning of the [[Friendly Societies Act 1992]]. It has |
It is an incorporated society in the United Kingdom within the meaning of the [[Friendly Societies Act 1992]]. It has over 100,000 members.<ref>[https://www.finder.com/uk/bank-accounts/shepherds-friendly-savings-accounts/ Learn more about Shepherds Friendly]</ref> |
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==History== |
==History== |
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The [[Industrial Revolution]] led to major changes in society, with village communities diminishing and new towns and industries springing up. As there was no state provision for the poor, mutual aid organisations known as friendly societies were established to help families against hardship brought about illness or death. Such societies began as locally based groups, whose members contributed a small amount each month so that payouts could be made to those in need, with the rest of the money received either saved or invested. |
The [[Industrial Revolution]] led to major changes in society, with village communities diminishing and new towns and industries springing up. As there was no state provision for the poor, mutual aid organisations known as friendly societies were established to help families against hardship brought about by illness or death. Such societies began as locally based groups, whose members contributed a small amount each month so that payouts could be made to those in need, with the rest of the money received either saved or invested. |
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Shepherds Friendly started life as a sickness and benefits society, Ashton Unity, which was formed in [[Ashton-under-Lyne]], Lancashire on Christmas Day in 1826. It was later renamed as the '''Loyal Order of Ancient Shepherds''', "[[loyalist|loyal]]" referring to the Crown and "[[Annunciation to the shepherds|shepherds]]" to the Nativity of Jesus. Its objects were "to relieve the sick, bury the dead, and assist each other in all cases of unavoidable distress, so far as in our power lies, and for the promotion of peace and goodwill towards the human race". It later spread across the country, organised into local branches; like other friendly societies such as the [[Oddfellows]], these were known as 'lodges', and officers wore regalia somewhat similar to those of [[freemasonry|freemasons]]. By 1914 the membership had grown to 143,000. The Ancient Shepherds raised substantial funds from its members to support charities, presenting two lifeboats to the [[RNLI]] in the 1800s, and supported the [[British Red Cross#Second World War|Red Cross]] and [[YMCA]] in the Second World War.<ref>[http://www.scottishrecordsassociation.org/newsrkv006.htm Friendly societies], Scottish Records Association</ref><ref>Victoria Solt-Dennis, ''[https://books.google.com/books?id=biDlzeoxd2AC |
Shepherds Friendly started life as a sickness and benefits society, Ashton Unity, which was formed in [[Ashton-under-Lyne]], Lancashire on Christmas Day in 1826. It was later renamed as the '''Loyal Order of Ancient Shepherds''', "[[loyalist|loyal]]" referring to the Crown and "[[Annunciation to the shepherds|shepherds]]" to the Nativity of Jesus. Its objects were "to relieve the sick, bury the dead, and assist each other in all cases of unavoidable distress, so far as in our power lies, and for the promotion of peace and goodwill towards the human race". It later spread across the country, organised into local branches; like other friendly societies such as the [[Oddfellows]], these were known as 'lodges', and officers wore regalia somewhat similar to those of [[freemasonry|freemasons]]. By 1914 the membership had grown to 143,000. The Ancient Shepherds raised substantial funds from its members to support charities, presenting two lifeboats to the [[RNLI]] in the 1800s, and supported the [[British Red Cross#Second World War|Red Cross]] and [[YMCA]] in the Second World War.<ref>[http://www.scottishrecordsassociation.org/newsrkv006.htm Friendly societies] {{webarchive|url=https://web.archive.org/web/20110728005059/http://www.scottishrecordsassociation.org/newsrkv006.htm |date=28 July 2011 }}, Scottish Records Association</ref><ref>Victoria Solt-Dennis, ''[https://books.google.com/books?id=biDlzeoxd2AC&q=shepherds Discovering Friendly and Fraternal Societies]'', Shire Publications, 2005. {{ISBN|978-0-7478-0628-8}}. Pages 124-130</ref> |
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Various similar mutual associations have since amalgamated with it, including the Royal Shepherds Sanctuary Benefit Society which was established in Yorkshire in the early 19th century, and the Ancient Order of Shepherds. |
Various similar mutual associations have since amalgamated with it, including the Royal Shepherds Sanctuary Benefit Society which was established in Yorkshire in the early 19th century, and the Ancient Order of Shepherds. |
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==Current products== |
==Current products== |
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Shepherds Friendly Society has |
Shepherds Friendly Society has changed from a traditional insurance provider to a modern diversified [[financial services]] organisation.<ref>[https://www.telegraph.co.uk/comment/4265527/Why-half-the-members-of-trade-unions-have-private-health-care.html Why half the members of trade unions have private health care], ''Daily Telegraph'', 11 Sep 2001</ref> |
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It offers a |
It offers a range of savings, protection and insurance plans for its members. |
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;Income Protection |
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Protecting your income means you can go on meeting those monthly household bills without the need to dip into your savings or running up costly debts. Shepherds Friendly’s Income Protection provides you with cover up to the age 70 and gives you the choice of a short-term option of 2 years cover or longer as required. Protection can start from day 1 of any absence and offers you invaluable flexible cover that provides a regular tax-free income throughout any period of absence from work |
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;Over 50s Life Insurance |
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You can take out a policy as long as you are aged between 50 and 75, and you will be accepted with no medical questions to answer regardless of your health. |
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When your family makes a claim for the money we will either pay it directly to the estate, or if you choose our funeral benefits option the money will be paid to Golden Charter Funeral Services, who will add an extra £250 to the value of the fund and take care of your funeral arrangements. |
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;Stocks and Shares ISA |
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With cash interest rates at record lows, you could find that a Stocks and Shares ISA gives you better returns. We aim to pay an annual bonus to help your savings grow, although as with any investment this is not guaranteed. So whether you’re saving for a holiday, a new car or a new home, take advantage of your £20,000 annual ISA allowance to make the most of your savings. |
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;Bonus Plan |
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Our Bonus Plan is a tax-exempt savings plan that allows you to save tax-efficiently for your long-term future regardless of whether you’ve already used your annual ISA allowance or not. The Bonus Plan is tax-efficient meaning that, unlike a normal savings account, your money will be free from income tax and capital gains tax, and when your plan ends the money you withdraw from it will be tax-free. |
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;Junior ISA |
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If you want to provide your child with a tax-free lump sum when they reach age 18, then our Junior ISA can help you to achieve that. It offers flexible saving, where you can choose monthly payments starting at £10 as well as the option of saving irregularly via one-off payments from as little as £100. |
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;Young Saver Plan |
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We know that it’s not only parents that want to help to save towards the future of a child they care about, which is why our Young Saver Plan is available to anyone, whether you are a parent, grandparent, other family member or friend. Our tax efficient Young Saver Plan is exclusive to Shepherds Friendly, and with monthly payments starting from just £7.50, it is a great way to start saving towards the future of a child you love. |
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We adopt a medium to low-risk investment strategy, and aim to pay annual bonuses into your child’s plan. |
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;Junior Money Maker |
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Our Junior Money Maker is a long term savings plan of ten years or more that could help create a brighter future for your child, whatever their dreams may be. |
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You can save in regular set amounts of £100, £125, £150, £175 or £200 a month up to a maximum of £2,400 a year to provide them with a tax-free lump sum between the ages of 18 and 21 |
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Products are sold both directly to the public over the telephone and [[internet]], and through [[insurance broker]]s. |
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== References == |
== References == |
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[[Category:Friendly societies of the United Kingdom]] |
[[Category:Friendly societies of the United Kingdom]] |
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[[Category: |
[[Category:Financial services companies established in 1826]] |
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[[Category:Companies based in |
[[Category:Companies based in the Metropolitan Borough of Stockport]] |
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[[Category:1826 establishments in the United Kingdom]] |
[[Category:1826 establishments in the United Kingdom]] |
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Latest revision as of 23:43, 23 July 2024
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| Company type | Friendly Society |
|---|---|
| Founded | 1826 |
| Headquarters | Shepherds Friendly, Haw Bank House, Cheadle, SK8 1AL, England |
| Products | Long-term insurance and investment products |
| Website | www |
Shepherds Friendly Society is a UK friendly society and one of the oldest mutual insurers in the world.[1]
It is an incorporated society in the United Kingdom within the meaning of the Friendly Societies Act 1992. It has over 100,000 members.[2]
History
[edit]The Industrial Revolution led to major changes in society, with village communities diminishing and new towns and industries springing up. As there was no state provision for the poor, mutual aid organisations known as friendly societies were established to help families against hardship brought about by illness or death. Such societies began as locally based groups, whose members contributed a small amount each month so that payouts could be made to those in need, with the rest of the money received either saved or invested.
Shepherds Friendly started life as a sickness and benefits society, Ashton Unity, which was formed in Ashton-under-Lyne, Lancashire on Christmas Day in 1826. It was later renamed as the Loyal Order of Ancient Shepherds, "loyal" referring to the Crown and "shepherds" to the Nativity of Jesus. Its objects were "to relieve the sick, bury the dead, and assist each other in all cases of unavoidable distress, so far as in our power lies, and for the promotion of peace and goodwill towards the human race". It later spread across the country, organised into local branches; like other friendly societies such as the Oddfellows, these were known as 'lodges', and officers wore regalia somewhat similar to those of freemasons. By 1914 the membership had grown to 143,000. The Ancient Shepherds raised substantial funds from its members to support charities, presenting two lifeboats to the RNLI in the 1800s, and supported the Red Cross and YMCA in the Second World War.[3][4]
Various similar mutual associations have since amalgamated with it, including the Royal Shepherds Sanctuary Benefit Society which was established in Yorkshire in the early 19th century, and the Ancient Order of Shepherds.
Current products
[edit]Shepherds Friendly Society has changed from a traditional insurance provider to a modern diversified financial services organisation.[5] It offers a range of savings, protection and insurance plans for its members.
References
[edit]- ^ Shepherds come bearing gifts, Money News, 15 Dec 2006
- ^ Learn more about Shepherds Friendly
- ^ Friendly societies Archived 28 July 2011 at the Wayback Machine, Scottish Records Association
- ^ Victoria Solt-Dennis, Discovering Friendly and Fraternal Societies, Shire Publications, 2005. ISBN 978-0-7478-0628-8. Pages 124-130
- ^ Why half the members of trade unions have private health care, Daily Telegraph, 11 Sep 2001