Shepherds Friendly Society: Difference between revisions
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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 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 Lancashire in 1826 |
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'.<ref>[http://www.scottishrecordsassociation.org/newsrkv006.htm Friendly societies], Scottish Records Association</ref><ref> Victoria Solt-Dennis, ''Discovering Friendly and Fraternal Societies'', Shire Publications, 2005. ISBN 978-0747806288. Cited with image of [http://www.flickr.com/photos/23885771@N03/4360492360/ Loyal Order of Ancient Shepherds friendly society badge] at flickr.com</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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Revision as of 18:22, 24 May 2010
Shepherds Friendly Society is a UK friendly society and one of the oldest mutual insurers in the world.[1]
It an incorporated society in the United Kingdom within the meaning of the Friendly Societies Act 1992. It has 25,000 members.[2]
History
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.
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'.[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
Shepherds Friendly Society has grown from a traditional insurance provider to a modern diversified financial services organisation.[5] It offers a wide range of savings, protection and insurance plans for its members. However, it still retains its structure as a mutual, non-profit making organisation owned by and for its members rather than shareholders.
- Long term insurance
As family structures and financial needs have changed over the years, Shepherds Friendly has introduced dedicated new plans to provide life insurance for the Over 50s and childrens' savings plans that take advantage of special tax concessions available only to friendly societies.
- General insurance
Its general insurance products include income protection insurance, mortgage protection insurance and home expenses insurance. Products are sold both directly to the public over the telephone and internet, and through insurance brokers.
References
- ^ Shepherds come bearing gifts, Money News, 15 Dec 2006
- ^ About us: History
- ^ Friendly societies, Scottish Records Association
- ^ Victoria Solt-Dennis, Discovering Friendly and Fraternal Societies, Shire Publications, 2005. ISBN 978-0747806288. Cited with image of Loyal Order of Ancient Shepherds friendly society badge at flickr.com
- ^ Why half the members of trade unions have private health care, Daily Telegraph, 11 Sep 2001
External links
- Official website
- Shepherds Friendly Society Income Protection Plan product comparison at money.co.uk
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