Following demutualisation in 2001, Friends Provident embarked on the path to become a top-five player in the life and pensions market. Christopher Salih takes a look at how far down that road the group has travelled
Friends Provident is a group with a lengthy pedigree in the life and pensions industry. From its humble Quaker beginnings in 1832, the group is now a FTSE 100 listed company and one of the UK's top 10 life assurers. Its ambitions are far from humble, however, as it aims to be a top-five player in an already saturated life and pensions market. The group started down this road after its demutualisation in July 2001. Friends Provident set itself a clear strategy of becoming a major force as both a life company and also as an asset manager through F&C. The latter's merger with Isis has catapu...
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