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

Advisers urged to remain 'alert' as LPA financial misconduct complaints rise

Advisers urged to remain 'alert' as LPA financial misconduct complaints rise

Alleged LPA financial misconduct complaints rose to almost 12,000

Sophia Panayi
clock 12 October 2026 • 3 min read
News editor's view: Taxing questions for advisers

News editor's view: Taxing questions for advisers

The news editor's Friday Night Takeaway from 9 October

Isabel Baxter
clock 09 October 2026 • 2 min read
Why the new chancellor must rebalance growth and consumer protection

Why the new chancellor must rebalance growth and consumer protection

'Healy should re-empower the FCA to unleash the full potential of Consumer Duty'

James Daley
clock 09 October 2026 • 3 min read