Friendly Societies have existed in the U.K. for over 150 years.Friendly Societies:
They are not answerable to shareholders and the profits go straight back to members via bonuses and favourable interest rates (sometimes tax-free).
Friendly societies are so different from conventional financial companies that the Government allows them special tax treatment, which means that when you use them, you get to share their tax advantages too.
Friendly society products are not expensive, and offer affordable and often unique ways to provide benefits, protect you money and make it grow.
Like Schoolteachers Friendly Society, most friendly societies now offer their products to the public at large.
Want to know more? Just ‘click’ on the Association of Friendly Societies, to which we are affiliated to link to their site.