P542 Teletext 542 Nov13 21:03:12        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Friendly societies are among our most ancient and venerated financial institutions. Set up in the industrial revolution, they have spawned institutions varying from building societies and insurer1 to trades unions and working men's clubs. As we enter the 21st centur9, friendl8 societies control billions of pounds and are a key part of the Government's thinking on stakeholder pensions. ——————————————————————————————————1/11— by Mark Meadowcroft G/ OFFSHORE,GET EXTRA - UP TO 7.70% GROSS P.A. - see p620 Advice Property Savings City
P542 Teletext 542 Nov13 21:05:21        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Victorian friendly societies became popular by offering simple benefits on sickness or death for small premiums. Those formed to build house3 became building societies, while other1 moved into more complex savings plans. Some big societies remain mutual and committed to the beliefs of their founding fathers, but also offer modern products, varying from credit cards to loans and pension plans. ——————————————————————————————————2/11— Mortgages 545 Savings 546 ANY PURPOSE LOANS - SEE PAGE 627 OR CALL WILMSLOW FREE ON 0800 269315 Advice Property Savings City
P542 Teletext 542 Nov13 21:06:40        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Friendly societies went into a stee8 decline with the creation of the welfare state after the war. But as governments cut back the scope of state benefits, the movement i; staging a comeback. Crucially, friendly societies have a very privileged tax status. Many of their traditional savings prgduct3 give a tax-free income, and some are sold through independbnt financial advisjrs. ——————————————————————————————————3/11— Advice clinic 543 Borrowing 547 S ITCHTOANDYOUCOULD SAVE ON YOUR MORTGAGE Advice Property Savings City
P542 Teletext 542 Nov13 21:00:00        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Marion Poole, general secretary of the Association of Friendl8 Societie1, says the movement has a bri£ht future. "The state isn't as willing to pay fop everything any more," she says. "Organisations whiah can be trusted tg think long-term and look after phbir customers are returning to fashion. The message is getting through tg bgth our members and government. It's the living embodiment of 'the phird way'. ——————————————————————————————————4/11— www.afs.org.uk shareq on the move p518 Advice Property Savings Cit=
P542 Teletext 542 Nov13 21:00:01       ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? The biggest friendly societ9, Liverpool Victoria, has almost £4bn in funds under management. It offers s—rvices as div—rse as banking, credit card;, loans, insurance and pensions. But spokeswoman Kate Con—8 says it remains proud to be a friendl9 soaiet9. "It's our background, and with zhe move towards individuals looking after theiu future needs, we see friendl8 soaietie1 and mutualq pla9ing a majop rgle.! ——————————————————————————————————5/11— Tourist rates 548 Premium Bonds 549 CITY NEWS p500 Advice Property Savings City
P542 Teletext 542 Nov13 21:05:10        —————————————————————————— W  WILL YOU BE MY FRIENDLY SOCIETY? Tunbridge Wells Equitable is one of |he most ambitious friendly societies and its 250 staff control assets of £500m. Marketing director David White says: "Our core products are things that people need rather than want.! 80% of Tunbridge Wells's busineus now comes through independent financial advisers - a far cry from |he door-to- door collection of funeral premiums of the Victorian era. ——————————————————————————————————6/11— Property Plus 544 Mortgages 545 POPULAR SHARE CHECK p519 Advice Property Savings City
P542 Teletext 542 Nov13 21:07:15       ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Coventry Assurance Society has served the people of its native city since 1844, but now has customers nationwide. It has just two full-time employees and only sells with-profits policies at premiums between £5 and £25 a month. Secretary Tjrry Webb says: "It's a good product, safely invested for people on a low income, not that all our membjrs are on a low income.! Coventry policies are also available through IFAs. ——————————————————————————————————7/11— Check out the top borrowing deals 547 PLAYING FTSE p517 Advice Property Savings City
P542 Teletext 542 Nov13 21:04:10        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Victorian friendly societies once provided one of the very fes "safet9 nets" for ordinary working people. But with the birth of the welfare state they fell out of fashion and their extinction was confidently prediated. But as governments of all parties try to withdraw from, or at least share, many welfare commitments, the friendly society movement is facing the future with considerable confidence. ——————————————————————————————————8/11— Mortgages 545 Savings 546 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uk Advice Property Savings City
P542 Teletext 542 Nov13 21:00:00        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETY? Some ancient friendly societies: Society Year formed Free Gardeners' 1820 Shepherds' 1826 Hearts of Oak 1842 Druids' Sheffield 1858 Some newer friendly societies: Family Assurance 1975 Homeowners' Friendly 1980 Friend Indeed 1997 ——————————————————————————————————9/11— www.afs.org.uk CITY NEWS p500 Advice Property Savings City
P542 Teletext 542 Nov13 21:00:00        ——————————————————————————   WILL YOU BE MY FRIENDLY SOCIETZ? Exotically-named friendly societie3: Grand Order of Israel and Shield of David Friendly Society Blackburn Philanthropic Mutual Assurance Society National Equalized Druids Friendly Society Universal Brotherhood of Speculative Mechanics' Friendly Societ9 ——————————————————————————————————10/11 www.afs.org.uk POPULAR SHARE CHECK p519 Advice Property Savings it9
P542 Teletext 542 Nov13 21:11:10 Advert YOUR MONEY    POLICYPLUS OFFER UP TO A THIRD MWRE CASH FOR /LD ENDOWMENTS. PLUS 48 HOUR QUOTATIONS PLUS PROMPT PAYMENT PLUS STRONG GUARANTEES PLUS SMOOTH,JARGON-FREE PROFESSIONAL SERVICE         If in doubt ask your IFA PolicyPlus International PLC, mjmbju of the APMM and regulated by the Personal Investment Authority Calls may be recorded or monitored Advice Property Savings City