Friends Life: Difference between revisions
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#REDIRECT [[Friends Life Group]] |
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{{Infobox company| |
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company_name = Friends Life | |
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company_logo = [[Image:FP logo online header (1).gif]] | |
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company_type = [[Subsidiary]] | |
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foundation = 1810 | |
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location = [[London]], [[UK]] | |
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key_people = Andy Briggs, (Group Chief Executive)| |
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num_employees = Around 6,000 worldwide| |
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owner = [[Resolution Limited|Resolution]] | |
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industry = Financial Services | |
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products = [[Insurance]], [[Inheritance tax]] products, [[Investment Management]], [[Pensions]]| |
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homepage = [http://www.friendslife.com/ www.friendslife.com] |
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}} |
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'''Friends Life''' is a [[life assurance]] company formed in 2011, comprising the merged UK operations of [[Friends Provident]] and the life assurance businesses acquired from [[Bupa]] and [[AXA]] UK. The new company began trading in March 2011 with over 5 million customers worldwide.<ref>[http://www.ftadviser.com/FinancialAdviser/Advisers/News/article/20110317/0c988966-497c-11e0-88d3-00144f2af8e8/Resolution-puts-nal-touches-to-its-Friends-Life-joint-brand.jsp Resolution puts final touches to its Friends Life joint brand]</ref> |
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The head office is located at One New Change [[London]] EC4M 9EF. The registered office is at [[Pixham|Pixham End]], Dorking in Surrey. It is a member of the [[Association of British Insurers]] and is regulated by the [[Financial Services Authority]]. It was listed (as Friends Provident plc) on the [[London Stock Exchange]] and a constituent of the [[FTSE 100 Index]] until being acquired by buyout firm [[Resolution Limited|Resolution]] in November 2009. |
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==Operations== |
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Friends Life operates from eight countries around the world including: United Kingdom, Germany, Luxembourg, Dubai, Singapore, Hong Kong, Kuala Lumpur (AmLife) and the Isle of Man. The group manages funds of £111 billion (as at 31 December 2011) on behalf of its customers. Friends Life is the 5th largest Life and Pensions company ranked by UK market capitalisation.<ref>[http://www.ft.com/cms/s/0/4d3c9a0a-3a06-11e0-a441-00144feabdc0,s01=1.html#axzz1HvuFyeBo UK life industry awaits Resolution] FT.com</ref> |
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Other companies within the Friends Life group include: Friends Provident International Limited, Sesame Bankhall Group, financial partners business AG (fpb AG) and Lombard International Assurance SA. Friends Life group also has a 30% stake in the Malaysian Life assurance company Amlife.{{Citation needed|date=March 2011}} |
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Friends Life were the title sponsors of the [[Friends Life t20]] [[cricket]] league organised by the [[England and Wales Cricket Board]], but have since chosen to discontinue this sponsorship into 2013<ref>http://www.ecb.co.uk/news/domestic/friends-life-t20/friends-life,319459,EN.html</ref>. They have also supported the cancer charity Macmillan, which is somewhat ironic, given the huge online campaign against them in December 2012 for their 'cruel and distasteful' cancellation of critical life cover for a cancer victim, Nic Hughes. Over 23,000 people signed a petition to protest this decision at http://www.change.org/nicsfight |
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== References == |
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{{Reflist}} |
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{{Use dmy dates|date=March 2011}} |
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[[Category:Articles created via the Article Wizard]] |
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[[Category:Life insurance companies]] |
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Latest revision as of 20:43, 3 October 2014
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