About us
Scottish Friendly has roots stretching back to 1862. Established as the City of Glasgow Friendly Society, our name changed in October 1992 when we purchased a Scottish-based friendly society called Scottish Friendly Assurance. Today Scottish Friendly operates as a financial services group dedicated to the efficient provision of a wide range of financial products and services. It accounts for over 500,000 policyholders and has assets under management of over £800 million as at December 2007.
At the heart is Scottish Friendly Assurance Society Limited (SFAS), the largest mutual life office in Scotland. Scottish Friendly Assurance Society Limited uses all the tax-efficient advantages of a friendly society to deliver simple, cost-effective, low entry savings, assurance, insurance and investment products to people from all walks of life through a highly sophisticated direct marketing and partnership operation. SFAS is also supported by the group’s highly efficient administration capability which provides extremely effective customer service resulting in high levels of customer satisfaction.
As a mutual organisation, we have no shareholders, so profits are distributed among our with profits policyholders in the form of bonuses. This has contributed to an exceptional with profits fund performance record. Past performance is not a guide to the future.
Scottish Friendly Asset Management Limited markets OEIC, ISA and CTF products including our Standard & Poor’s 5-star rated Managed Growth Fund.
Scottish Friendly Insurance Services Limited provides leading edge wrap services to select corporate clients.
Scottish Friendly Trustee Company Limited provides trustee services.
The group's multi award winning* IT infrastructure, integrated with a well trained, experienced and scalable customer services operation, has been critically acclaimed as demonstrated by winning the prestigious National Business Awards for Scotland for the Orange Best Use Of Technology In Business Award and being selected to provide contract and logistical support to the Nucleus Financial wrap platform.
Scottish Friendly prides itself on maintaining some of the lowest renewal costs of life companies in the UK and aims to deliver value to members, investors and corporate partners through a combination of tax efficiency, mutuality, administration service delivery and efficient management.
* National Business Awards for Scotland for the "Orange Best Use Of Technology In Business Award 2007" and Adnitor awards for "Industry Achievement in Administration Technology 2007".
