Shepherds Friendly Society
Friendly Society | |
| Founded | 1826 |
|---|---|
| Headquarters | Shepherds Friendly, Haw Bank House, Cheadle, SK8 1AL, England |
| Products | Long-term insurance and investment products |
| Website | www |
Shepherds Friendly Society is a UK
It is an incorporated society in the United Kingdom within the meaning of the
History
The Industrial Revolution led to major changes in society, with village communities diminishing and new towns and industries springing up. As there was no state provision for the poor, mutual aid organisations known as friendly societies were established to help families against hardship brought about by illness or death. Such societies began as locally based groups, whose members contributed a small amount each month so that payouts could be made to those in need, with the rest of the money received either saved or invested.
Shepherds Friendly started life as a sickness and benefits society, Ashton Unity, which was formed in
Various similar mutual associations have since amalgamated with it, including the Royal Shepherds Sanctuary Benefit Society which was established in Yorkshire in the early 19th century, and the Ancient Order of Shepherds.
Current products
Shepherds Friendly Society has changed from a traditional insurance provider to a modern diversified financial services organisation.[5] It offers a range of savings, protection and insurance plans for its members.
References
- ^ Shepherds come bearing gifts, Money News, 15 Dec 2006
- ^ Learn more about Shepherds Friendly
- ^ Friendly societies Archived 28 July 2011 at the Wayback Machine, Scottish Records Association
- ISBN 978-0-7478-0628-8. Pages 124-130
- ^ Why half the members of trade unions have private health care, Daily Telegraph, 11 Sep 2001