Healthy Investment: Difference between revisions

Healthy Investment
Abbreviation	HI
Formation	25 August 1835
Registration no.	109994
Headquarters	2 The Old Court House, Tenterden Street, BL9 0AL
Location	Bury, Greater Manchester;
Region served	United Kingdom
Services	Ethical savings and investments
Website	www.healthyinvestment.co.uk
Formerly called	The Rechabite Friendly Society

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Latest revision as of 09:12, 15 October 2024

Healthy Investment^[1] is a British mutual friendly society that provides a range of ethical With-profits savings and investment products. It was originally formed in 1835 as Independent Order of Rechabites, and traded until 2004 as The Rechabite Friendly Society.^[2] As of 2018^[update] it had more than 100,000 members and looked after over £115m of members' money.^[2]

History

On 25 August 1835 a small group of men, already committed to the total abstinence of alcohol, met in Mrs Meadowcroft's Temperance Hotel, Bolton Street, Salford in order to discuss a friendly society for those who had "signed the pledge" and abstained from alcohol. From its first procession on New Year's Day in 1836 the organisation grew rapidly with local groups known as "tents" being formed throughout the country. In 1842 contributions of two shillings per year for the under 35s entitled them to £5 death benefit and a further penny a week provided them with a sickness benefit of two shillings and six pence.

In 1999 the Society, by now known as The Rechabite Friendly Society, modernised and centralised its various local groups and regions into one Manchester-based Head Office. In 2004 the Society developed further and opened its membership to include temperate members or those who "enjoy alcohol in moderation".^{[citation needed]} Today The Rechabite Friendly Society trades as Healthy Investment.

The Society's head office is now based in Bury, Greater Manchester.^[3]

Current Products

Tax Exempt Savings Plans, Standard Savings Plans, Investment Bonds, Individual Savings Accounts (ISA), Junior ISAs and Child Trust Funds.

Ethical Investment

The society specialises in providing ethical savings and investment products. It remains true to its founders' principles and avoids direct investment in companies in alcohol, arms and tobacco industries and in gambling and pornography providers. This is actively managed by Investec.

Regulation

Healthy Investment is regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Its members are covered by the Financial Services Compensation Scheme (FSCS) which guarantees investors 100% of all their investment with the Society without limit.^{[citation needed]}

Healthy Investment is a member of the Association of Financial Mutuals.^[4]

References

^ "Healthy Investment and the Retail Distribution Review". Case Studies. SDA Actuaries. Archived from the original on 5 March 2016. Retrieved 12 January 2020.
^ ^a ^b "A Proud History". Healthy Investment. Retrieved 15 October 2024.
^ "Bury is ideal base for friendly society". Bury Times. 6 June 2008. Retrieved 12 January 2020.
^ "The Association of Financial Mutuals - Trade Body". Association of Financial Mutuals.

External links

Official website
"The Rechabite Friendly Society Limited". mutuals.fca.org.uk. Mutuals Public Register. Retrieved 15 October 2024. Register of Friendly Societies etc

This bank and insurance-related article is a stub. You can help Wikipedia by expanding it.

[sda-1] "Healthy Investment and the Retail Distribution Review". Case Studies. SDA Actuaries. Archived from the original on 5 March 2016. Retrieved 12 January 2020.

[history-2] "A Proud History". Healthy Investment. Retrieved 15 October 2024.

[3] "Bury is ideal base for friendly society". Bury Times. 6 June 2008. Retrieved 12 January 2020.

[4] "The Association of Financial Mutuals - Trade Body". Association of Financial Mutuals.

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@@ Line 1: / Line 1: @@
+{{Short description|British mutual friendly society}}
+{{Use dmy dates|date=April 2022}}
 {{Infobox organisation
 | name          = Healthy Investment
@@ Line 7: / Line 9: @@
 | formation     = 25 August 1835
 |registration_id = 109994
-|parent_organisation = Save21 - {{url|http://www.save21.co.uk/ }}
 | headquarters  = 2 The Old Court House, Tenterden Street, BL9 0AL
 | location      = Bury, Greater Manchester
@@ Line 15: / Line 16: @@
 }}
+'''Healthy Investment'''<ref name="sda">{{cite web |title=Healthy Investment and the Retail Distribution Review |url=http://www.sda-llp.co.uk/case-studies/healthy-investment-and-the-retail-distribution-review/ |website=Case Studies |publisher=SDA Actuaries |access-date=12 January 2020 |archive-url=https://web.archive.org/web/20160305140123/http://www.sda-llp.co.uk/case-studies/healthy-investment-and-the-retail-distribution-review/ |archive-date=5 March 2016}}</ref> is a British mutual [[friendly society]] that provides a range of ethical [[With-profits policy|With-profits]] savings and investment products. It was originally formed in 1835 as [[Independent Order of Rechabites]], and traded until 2004 as The Rechabite Friendly Society.<ref name=history>{{Cite web|url=https://www.healthyinvestment.co.uk/about-us/our-history/|title=A Proud History|publisher=Healthy Investment | access-date=15 October 2024}}</ref> {{as of |2018}} it had more than 100,000 members and looked after over £115m of members' money.<ref name=history />
-==Introduction==
-Healthy Investment<ref>http://www.sda-llp.co.uk/case-studies/healthy-investment-and-the-retail-distribution-review/</ref> is a mutual [[friendly society]] that provides a range of ethical [[With-profits policy|With-profits]] savings and investment products. They were originally formed in 1835 as [[Independent Order of Rechabites|The Rechabite Friendly Society]] but now trade as Healthy Investment.<ref>http://www.healthyinvestment.co.uk/about_us/a_glorious_history.php</ref> They have more than 100,000 members and look after over £115m of members’ money.
 ==History==
-On 25 August 1835 a small group of men, already committed to the total abstinence of alcohol, met in Mrs Meadowcrofts’ Temperance Hotel, Bolton Street, Salford in order to discuss a [[friendly society]] for those who had ‘signed the pledge’ and abstained from alcohol. From its first procession on New Year’s day in 1836 the organisation grew rapidly with local groups known as ‘tents’ being formed throughout the country. In 1842 contributions of 2 shillings per year for the under 35s entitled you to £5 death benefit and a further penny a week provided you with a sickness benefit of half a crown (12½p).
+On 25 August 1835 a small group of men, already committed to the total abstinence of alcohol, met in Mrs Meadowcroft's Temperance Hotel, Bolton Street, [[Salford]] in order to discuss a [[friendly society]] for those who had "signed the pledge" and abstained from alcohol. From its first procession on New Year's Day in 1836 the organisation grew rapidly with local groups known as "tents" being formed throughout the country. In 1842 contributions of two shillings per year for the under 35s entitled them to £5 death benefit and a further penny a week provided them with a sickness benefit of two shillings and six pence.
-In 1999 the Society, by now known as The Rechabite Friendly Society, modernised and centralised its various local groups and regions into one Manchester based Head Office. In 2004 the Society developed further and opened its membership to include temperate members or those who "enjoy alcohol in moderation".{{citation needed|date=July 2015}} Today The Rechabite Friendly Society trades as Healthy Investment.
+In 1999 the Society, by now known as The Rechabite Friendly Society, modernised and centralised its various local groups and regions into one Manchester-based Head Office. In 2004 the Society developed further and opened its membership to include temperate members or those who "enjoy alcohol in moderation".{{citation needed|date=July 2015}} Today The Rechabite Friendly Society trades as Healthy Investment.
-The Society’s head office is now based in Bury, Greater Manchester.<ref>http://www.burytimes.co.uk/news/business/2315531.bury_is_ideal_base_for_friendly_society/</ref>
+The Society's head office is now based in Bury, Greater Manchester.<ref>{{Cite news|url=https://www.burytimes.co.uk/news/business/2315531.bury-is-ideal-base-for-friendly-society/|title=Bury is ideal base for friendly society|work=Bury Times| date= 6 June 2008 | access-date=12 January 2020}}</ref>
 ==Current Products==
-[[Endowment policy|Tax Exempt Savings Plans]],
+Tax Exempt Savings Plans,
-[[Endowment policy|Standard Savings Plans]],
+Standard Savings Plans,
 [[Insurance bond|Investment Bonds]],
 [[Individual Savings Account|Individual Savings Accounts (ISA)]],
 [[Individual Savings Account|Junior ISAs]] and
-[[Child Trust Fund|Child Trust Funds]].
+[[Child Trust Fund]]s.
 ==Ethical Investment==
-As a modern financial services organisation it specialises in providing ethical savings and investment products. It remains true to its founder’s principles and avoids direct investment in companies in alcohol, arms and tobacco industries and in gambling and pornography providers. This is actively managed by Investec.
+The society specialises in providing ethical savings and investment products. It remains true to its founders' principles and avoids direct investment in companies in alcohol, arms and tobacco industries and in gambling and pornography providers. This is actively managed by [[Investec]].
 ==Regulation==
-Healthy Investment is regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Its members are covered by the Financial Services Compensation Scheme (FSCS) which guarantees investers 100% of all their investment with the Society without limit.
+Healthy Investment is regulated by the [[Financial Conduct Authority]] and the [[Prudential Regulation Authority (United Kingdom)|Prudential Regulation Authority]]. Its members are covered by the [[Financial Services Compensation Scheme|Financial Services Compensation Scheme (FSCS)]] which guarantees investors 100% of all their investment with the Society without limit.{{citation needed|date=September 2015|reason=FSCS page gives compensation limits for all investments}}
+Healthy Investment is a member of the Association of Financial Mutuals.<ref>{{Cite web|url=https://www.financialmutuals.org/|title=The Association of Financial Mutuals - Trade Body|website=Association of Financial Mutuals}}</ref>
-Healthy Investment is a member of the Association of Financial Mutuals.
 == References ==
 {{Reflist}}
+==External links==
-[[Category:Friendly societies]]
+*{{official website|https://www.healthyinvestment.co.uk/ }}
-[[Category:Companies based in Greater Manchester]]
+* {{cite web |title=The Rechabite Friendly Society Limited |url=https://mutuals.fca.org.uk/Search/Society/6595 |website=mutuals.fca.org.uk |publisher=Mutuals Public Register |access-date=15 October 2024}} ''Register of Friendly Societies etc''
-[[Category:Mutual organizations]]
+[[Category:Friendly societies of the United Kingdom]]
+[[Category:Companies based in Bury, Greater Manchester]]
+{{bank-stub}}