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Life Insurance in focus...Friends Provident
From its creation in 1832 until 2001, Friends Provident was a mutual society. In July 2001 it underwent a process of demutualisation and has remained a member of the FTSE 100 ever since.
Friends Provident prides itself on its moral position, and was the first investment house to offer a fully ethical investment fund called Stewardship.
Total life and pensions new business for 2005 increased by 70% to £5,397 million.
Friends provident was also winner of Life Insurance Company of the Year at the Professional Pensions UK Pensions Awards 2005.
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