Scottish Friendly: Who Are They?

When it comes to investing your hard-earned money, you want to work with a company that you can trust. You want to work with a company that has a history and a proven track record. You want to see how the company has helped others grow their money and helped them provide their family members with a great financial start in life. So, how does Scottish Friendly measure up?

Scottish Friendly is the largest mutual life office in Scotland. More than 500,000 policies have been distributed by Scottish Friendly and its assets are worth more than 800 million pounds. What does this mean to you? It means that you can trust Scottish Friendly with your investments just as countless others have.

Not only does Scottish Friendly have a proven track record in today’s financial investment market, their track record stretches back into antiquity. The company was originally founded in 1862, but was known as the City of Glasgow Friendly Society. The name of the company changed in 1992 when it purchased Scottish Friendly Assurance.

Before we discuss any more of Scottish Friendly’s qualifications, let’s take a moment to discuss friendly societies in general. In the past, before there were organized insurance companies and welfare systems, friendly societies looked after the well being of the people in their communities. They were fundraising, fraternal-type fellowships that helped out those who were in need. They acted as some sort of insurance policy for those who came into rough times. Today, friendly societies are still looking out for the well being of the community. They provide insurance, assurance, charity and health care. There are hundreds of such organizations still in existence.

Scottish Friendly benefits the society by offering insurance, assurance and investment opportunities to people at all income levels for low cost. They are a mutual organisation, meaning they have no shareholders. This allows them to pass along their profits to people who hold their with profits policies. The profits are distributed in the form of bonuses.

Scottish Friendly stands out especially where child investment products are concerned. They offer numerous tax-free children investment opportunities such as the child trust fund and child bonds. Investments can be made into either of these accounts by family members and close friends. Once the child reaches the age of maturity, the money is theirs tax free.

What about customer service? With a company this large, is Scottish Friendly able to handle all of their customers in a friendly and efficient manner? Let’s let the facts speak for themselves. The customer service department at Scottish Friendly has received numerous awards and has been critically acclaimed by winning the prestigious National Business Awards for Scotland, among others.

When you are looking for a strong investment, insurance and assurance company, you have to let the facts speak for themselves. Study all of your options. Become familiar with the history and track record of each company you are considering. Once you do so, choose the company that stands out from the rest: Scottish Friendly.