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

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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...

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