Scottish Legal Assurance Society
In 1962, the company celebrated its centenary. It was then the fifth largest collective enterprise in the British Isles with 20 branches in Scotland, six in Northern Ireland, five in South Wales and 24 in England. The annual income was £1,150,000 with funds of around £6,800,000. In 1968, the company purchased a Honeywell mainframe. As big as a small living room, it could store 256 kilobytes of data. The 1990s marked a decade of significant change for the City of Glasgow Friendly Society. The Friendly Societies Act of 1992 allowed companies to become registered organizations, form subsidiaries and offer a wider range of products and services. The City of Glasgow Friendly Society became a registered organisation in 1992 and acquired a small friendly society, Scottish Friendly, and adopted its name. Scottish Friendly Assurance Society Limited (SFAS) is a mutual company and the largest lifetime office in Scotland.
Scottish Friendly has three wholly owned subsidiaries: Scottish Friendly Assurance Society Limited (Scottish Friendly) is a leading investment and life insurance organisation in the United Kingdom. It offers a range of investment and protection products and offers life insurance and investment products and services to other financial institutions. Scottish Friendly is one of the largest life insurance offices in Scotland and is based in Glasgow, UK, and operates throughout the UK and Ireland. It has more than 712,000 members and more than one million policyholders. [1] As of 29 December 2019, the company had assets under management worth over £5.3 billion. [2] Scottish Friendly is Scotland`s leading friendly society and you can find out more about us in our About Us section. In 1994, Scottish Friendly moved from its headquarters in Bath Street to new premises at 16 Blythswood Square in Glasgow. On 1 January 2006, Fiona McBain became Group Managing Director. In the same year, Scottish Friendly was awarded the contract to supply the back office and logistical support from Nucleus for its packaging business.
In 2020, due to the COVID-19 pandemic in the UK, the Scottish Friendly Children`s Book Tour went digital for the first time by creating video content distributed on social media platforms. [ref. needed] On October 17, 1912, Tom Johnston joined the board of directors. On 21 November 1912, an anniversary concert for the society was held at Glasgow City Hall. Scottish Friendly was founded in 1862 as the City of Glasgow Friendly Society and was a spin-off of the Royal Liver Friendly Society, headquartered in Liverpool. The first meeting of the City of Glasgow Friendly Society took place on 16 November. It was held at the Bell Hotel, 68 Trongate, 1862. The first committee consisted of seven men: James Logan (chairman), John Stewart (secretary), James Semple, William Jack, David Black, James Wilson and William Roche. The founder of the company was John Stewart, who guaranteed a fund of £1,500. John Stewart later became general manager and treasurer of the company. In 2018, Scottish Friendly acquired a group buyout of Mobius Life with assets of over £350 million. [ref.
needed] The summary includes a brief description of the collection(s) (usually including collection cover data), the name of the archive where they are kept, and reference information to help you locate the collection. John Jerdan`s perspective, which was part of his participation in the competition, is part of the RIAS collection at CAHHRN. Six drawings by Dunn & Findlay are included in the Scottish Architects` Papers Preservation Project. This includes a competition drawing showing a basement plan and a fire protection skeleton plan. The remaining drawings are redesigns, most of which describe in detail the proposed bronze doors with curved glass above them and the window façade of a planned garage showroom on the ground floor. If you have invested in unit-linked funds, you will find the current price in our Funds Prices section. This information is provided under a Creative Commons BY-NC license. In 1998, Scottish Friendly appointed a new CFO, Fiona McBain, who would be the first woman to serve on the board. That same year, the company launched its own website. In 2008, Norwich Union (now Aviva) turned to Scottish Friendly to manage its packaging business.
In the same year, Scottish Friendly won the Orange Award for Best Use of Technology at the Scottish Business Awards. Other Name(s) 89 West Campbell Street, Scottish Legal Life Assurance Society; In the 1990s, Scottish Friendly expanded and shifted its business model towards direct marketing, focusing on tax-exempt savings plans for adults and children. The image may be freely reused for non-commercial purposes under the IWM Non-Commercial License. By uploading images or embedding media, you agree to the terms of the IWM non-commercial license, including your use of the attribution statement provided by IWM. For this article: © Mike Coyle (WMR-69579) At the end of 1884 the Society`s surplus was £14,276 and membership was about 70,000. In 1890, James Stewart and his father John Stewart took over the management of the Society.[3] ICVC Scottish Friends Investment Fund, an open-ended investment company, offers the equity and equity components of the Scottish Friendly ISA and Child Trust Fund. Home Affairs. Detail of the entrance hall stylized capital and decoration In the reception of the building95Scottish Legal Life Assurance SocietyBothwell StreetGlasgowGlasgowStrathclydeG2 7HYScotlandOS Grid Ref: NS 58433 65462Designation: Undefined In 1927, an architectural competition was launched to design premises for the offices of the Scottish Legal Life Assurance Society at 81-107 Bothwell Street, Glasgow. A number of notable firms have submitted designs, including Dunn & Findlay and John Jerdan, based in Edinburgh, and Wright & Wylie and Alexander McInnes Gardner based in Glasgow. Wright & Wylie was awarded the contract, which was completed in 1931.
2019 marked a significant milestone for Scottish Friendly with the completion of a significant acquisition of a business book from financial services provider Canada Life; This has helped to consolidate Scottish Friendly`s position in the financial services sector. The acquisition increased assets under management from £2.4 billion to over £5 billion, while membership grew by 127,000 to around 700,000. In 2019, Scottish Friendly was also named «Best Junior ISA Provider» at the Investment Life & Pensions Awards. [ref. In 2019 and 2020, Scottish Friendly was also awarded the Best British Mutual Insurer award by the IFC. [ref. needed] In 2007, Scottish Friendly acquired Scottish Legal Life, creating the largest transfer of commitments in the history of British friendly societies. [4] Following previous acquisitions of Rational Shelley (2005), Preston Operative (2006)[5] and Pioneer Friendly, the London Aberdeen & Northern Mutual Assurance Society (LANMAS) was completed in 2007. On April 19, 1893, James Stewart succeeded his father as executive treasurer of the company.[6] By the end of 1896 the society had grown to 104,833. In 2011, Scottish Friendly entered into negotiations with Citi, part of Citigroup, to sell the packaging management business of Scottish Friendly, which managed around £4 billion in funds. On 1 January 2012, 134 Scottish Friendly employees had their offices in St.
Vincent Street and West George Street were transferred to the American bank. In December, Scottish Friendly announced its best month for online sales, surpassing £500,000 in a single month for the first time. [7] Site name Glasgow, 81- 107 Bothwell Street, Scottish Legal Life Assurance Society Ltd Ask for a quote from nearby professionals. First, select a category below. In June 1919, Tom Johnston was appointed vice-president of the society. In 1922 he became a Member of Parliament, and on October 10, 1932, he was appointed Member of Parliament and successor to James Stewart, who finally took over as Director General in 1934. In 1941, Johnston was appointed Secretary of State for Scotland by Prime Minister Winston Churchill. In 1946, he retired as general manager of the company.
Since 1998, Scottish Friendly has supported reading and reading in remote and deprived areas of Scotland by sponsoring the Scottish Friendly Children`s Book Tour, an awareness tour organised by the Scottish Book Trust.