Friends Provident hopes 'think tank' foundation will effect "positive social change"

clock •

Friends Provident is using £20m worth of unclaimed demutualisation shares to create a charitable foundation of ‘new thinking' into how money is used to solve society's problems.

Rather than employ financial experts to solve many of the problems surrounding financial exclusion and other difficulties surrounding money matters, Friends Provident has taken the radical step of effectively creating a new 'think tank' of individuals who question philosophy, psychology and the mindset of financial decision-makers who ‘think they know best’ when it comes to consumer money and society’s financial needs. Yesterday's launch of the Friends Provident charitable foundation was accompanied by the publication of a book called “the Right Use of Money” – written by Rabbi Dame Juli...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: Five steps towards advice for everyone

Andrew Goodwin: Five steps towards advice for everyone

Long-term hopes for financial advice

Andrew Goodwin
clock 15 October 2026 • 5 min read
Wealth M&A deals triple in six years as PE buyers dominate market

Wealth M&A deals triple in six years as PE buyers dominate market

PE buyers account for nearly three-quarters of deals

Isabel Baxter
clock 14 October 2026 • 2 min read
Dyer Baade & Company's Daniel Baade: £500m-£2bn AUA firms key battleground in wealth M&A's next phase

Dyer Baade & Company's Daniel Baade: £500m-£2bn AUA firms key battleground in wealth M&A's next phase

Fewer but better buyers

Daniel Baade
clock 13 October 2026 • 3 min read