Setting new standards - Friends Life
Setting new standards - Friends Life
Setting new standards - Friends Life
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
ANNUAL REVIEW<br />
CHAIRMAN’S STATEMENT GROUP CHIEF EXECUTIVE’S REVIEW ABOUT THE FRIENDS PROVIDENT GROUP UK LIFE & PENSIONS<br />
Our three<br />
business<br />
segments<br />
Recent history<br />
Staff and key locations<br />
• UK Provident,<br />
3,600 staff<br />
acquired 1986<br />
• NM Group,<br />
• Dorking<br />
• Exeter<br />
UK <strong>Life</strong> & Pensions<br />
One of the top ten companies for<br />
attracting <strong>new</strong> business, offering<br />
a comprehensive range of<br />
protection, pensions and<br />
investment products for<br />
individuals and corporate clients.<br />
acquired 1993<br />
• London & Manchester<br />
Group, acquired 1998<br />
• London<br />
• Manchester<br />
• Salisbury<br />
• 13 regional offices<br />
Recent history<br />
Staff and key locations<br />
International <strong>Life</strong> & Pensions<br />
A major offshore cross-border life<br />
company focusing on Asia, the<br />
Middle East, Continental Europe<br />
and the UK.<br />
<strong>Friends</strong> Provident<br />
International (FPI)<br />
Royal & SunAlliance<br />
International Financial<br />
Services was acquired by<br />
<strong>Friends</strong> Provident in 2002<br />
and merged with our<br />
existing International<br />
division.<br />
Lombard<br />
Founded in 1991 and<br />
was acquired by <strong>Friends</strong><br />
Provident in January 2005.<br />
FPI<br />
360 staff<br />
• Isle of Man<br />
• Guernsey<br />
• Hong Kong<br />
• Dubai<br />
• Singapore<br />
Lombard<br />
315 staff<br />
• Luxembourg<br />
• Switzerland<br />
The largest pan-European life<br />
assurance company of its kind.<br />
Recent history<br />
Staff and key locations<br />
F&C Asset Management<br />
810 staff<br />
plc was formed through<br />
the merger of ISIS Asset<br />
• London<br />
• Dorking<br />
Asset Management<br />
One of the largest asset<br />
managers in Europe in terms<br />
of funds under management,<br />
offering a diverse range of<br />
products across all the major<br />
asset types.<br />
Management and F&C<br />
Holdings in 2004.<br />
Previous acquisitions<br />
were:<br />
• Ivory & Sime,<br />
acquired 1998<br />
• Amsterdam<br />
• Dublin<br />
• Edinburgh<br />
• Frankfurt<br />
• Lisbon<br />
• Paris<br />
• Geneva<br />
F&C is a quoted company in its<br />
own right and is 52% owned by<br />
<strong>Friends</strong> Provident.<br />
• Royal & SunAlliance<br />
Investment<br />
Management,<br />
acquired 2002<br />
• Boston, USA<br />
10 <strong>Friends</strong> Provident Annual Report & Accounts 2006