About Us
The Schoolmasters Provident Society was founded in 1922 by a group of teachers for the benefit of teachers. The Sickness Income Plan was based on a Teachers Provident Society product for which the founders became ineligible by being members of the National Association of Schoolmasters (NAS) rather than the National Union of Teachers.
Following the merger of the NAS with the Union of Women Teachers (UWT) the Society changed its name to The Schoolteachers Provident Society in 1980. Further changes in legislation and regulation necessitated another change to the name of the Society, which in 1994 became the Schoolteachers Friendly Society.
The Society current offers three products:-
- Child Trust Fund Accounts (CTF)
- Sickness Income Plan (SIP) (for adults)
- ChildCare Plan (for children)
The Society is authorised and regulated by the Financial Services Authority (FSA) under the Financial Services and Markets Act 2000.
The Society is a registered unincorporated non-directive friendly society.
The Society operates from one location housing 3 full-time and one part-time staff.
All of the Society's members are supported and serviced on a direct basis by the Office Staff situated in Liverpool.