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Healthy Investment
Healthy Investment is a British mutual friendly society that provides a range of ethical With-profits savings and investment products. It was originally formed in 1835 as Independent Order of Rechabites, and traded until 2004 as The Rechabite Friendly Society. It has more than 100,000 members and looks after over £115m of members' money. History On 25 August 1835 a small group of men, already committed to the total abstinence of alcohol, met in Mrs Meadowcroft's Temperance Hotel, Bolton Street, Salford in order to discuss a friendly society for those who had "signed the pledge" and abstained from alcohol. From its first procession on New Year's Day in 1836 the organisation grew rapidly with local groups known as "tents" being formed throughout the country. In 1842 contributions of two shillings per year for the under 35s entitled them to £5 death benefit and a further penny a week provided them with a sickness benefit of two shillings and six pence. In 1999 the Society, by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friendly Society
A friendly society (sometimes called a benefit society, mutual aid society, benevolent society, fraternal organization or ROSCA) is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. Before modern insurance and the welfare state, friendly societies provided financial and social services to individuals, often according to their religious, political, or trade affiliations. These societies are still widespread in many parts of the developing world, where they are referred to as ROSCAs (rotating savings and credit associations), ASCAs (accumulating savings and credit associations), burial societies, chit funds, etc. Character Before the development of large-scale government and employer health insurance and other financial services, friendly societies played an important part in many people's lives. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
With-profits Policy
A with-profits policy (Commonwealth) or participating policy ( U.S.) is an insurance contract that participates in the profits of a life insurance company. The company is often a mutual life insurance company, or had been one when it began its with-profits product line. Similar arrangements are found in other countries such as those in continental Europe. With-profits policies evolved over many years. Originally they developed as a means of distributing unplanned surplus, arising e.g. from lower than anticipated death rates. More recently they have been used to provide flexibility to pursue a more adventurous investment policy to aim to achieve long-term capital growth. They have been accepted as a form of long-term collective investment whereby the investor chooses the insurance company based on factors such as financial strength, historic returns and the terms of the contracts offered. The premiums paid by with-profits and non-profit policyholders are pooled within the insu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Order Of Rechabites
The Independent Order of Rechabites (IOR), also known as the Sons and Daughters of Rechab, Alan Axelrod ''International Encyclopedia of Secret Societies and Fraternal Orders'' New York; Facts on File, inc 1997 p.206 is a fraternal organisation and friendly society founded in England in 1835 as part of the wider temperance movement to promote total abstinence from alcoholic beverages. Always well connected in upper society and involved in financial matters, it gradually transformed into a financial institution which still exists, and still promotes abstinence. The Order has been active in Australia from 1843, promoting temperance and as a benefit society. A branch was established in the United States in 1842, and also flourished for a time. In the United Kingdom, the Order trades under the name of Healthy Investment. History The Independent Order of Rechabites was founded on 25 August 1835 as the Salford Unity of Rechabites, in the city of Salford, Lancashire, England. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salford
Salford () is a city and the largest settlement in the City of Salford metropolitan borough in Greater Manchester, England. In 2011, Salford had a population of 103,886. It is also the second and only other city in the metropolitan county after neighbouring Manchester. Salford is located in a meander of the River Irwell which forms part of its boundary with Manchester. The former County Borough of Salford, which also included Broughton, Greater Manchester, Broughton, Pendleton, Greater Manchester, Pendleton and Kersal, was granted city status in 1926. In 1974 the wider Metropolitan Borough of the City of Salford was established with responsibility for a significantly larger region. Historic counties of England, Historically in Lancashire, Salford was the judicial seat of the ancient Salford Hundred, hundred of Salfordshire. It was granted a charter by Ranulf de Blondeville, 6th Earl of Chester, in about 1230, making Salford a free borough of greater cultural and commercial impo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Bond
An insurance bond (or investment bond) is a single premium life assurance policy for the purposes of investment. Due to tax laws they are a common form of investment in the UK and some offshore centres. Traditionally insurance bonds were with-profits policies and were often called ''with-profit(s) bonds''. Since the introduction of unitised insurance funds they have often been marketed as ''unit-linked bonds'' or ''investment bonds''. Why invest in an insurance bond? The decision of which 'wrapper' to place funds within (i.e. onshore bond, offshore bond or collective) can be complex and is based upon the tax position of the investor, the treatment of each tax wrapper, the likely growth and investment term. Insurance bonds can be useful vehicles for minimizing tax as they do not incur the 50% CGT reduction on assets held for 12 months or more. Useful features of Bonds for tax planning scenarios include the tax deferred status, the ability to write the investment in trus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Individual Savings Account
An individual savings account (ISA; ) is a class of retail investment arrangement available to residents of the United Kingdom. First introduced in 1999, the accounts have favourable tax status. Payments into the account are made from after-tax income, then the account is exempt from income tax and capital gains tax on the investment returns, and no tax is payable on money withdrawn from the scheme. Cash and a broad range of investments can be held within the arrangement, and there is no restriction on when or how much money can be withdrawn. Since 2017, there have been four types of account: cash ISA, stocks & shares ISA, innovative finance ISA (IFISA) and lifetime ISA (LISA). Each taxpayer has an annual investment limit (£20,000 since ) which can be split among the four types as desired. Additionally, children under 18 may hold a junior ISA, with a different annual limit. Until the lifetime ISA was introduced in 2017, ISAs were not a specific retirement investment, but any type ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investec
Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific. Investec is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. It is a constituent of the FTSE 250 index. History Investec was founded as a small leasing and financing company in 1974 in Johannesburg, South Africa, by Larry Nestadt, Errol Grolman and Ian Kantor. It has expanded through growth and acquisitions. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. In 1988, Investec Bank Limited was restructured into Investec Group Limited ("IGL"), giving Investec Management and staff control of the company. In 1990, Investec acquired property management company I. Kuper & Company (Pty) Limited, Corporate Merchant Bank Limited (formerly Hill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.Archived here. Like its predecessor the FSA, the FCA is structured as a company limited by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prudential Regulation Authority (United Kingdom)
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority (FSA). The authority is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm. Although it was initially structured as a limited company wholly owned by the Bank of England, the PRA's functions have now been taken over by the Bank and are exercised through the Prudential Regulation Committee. The company has since been liquidated. The PRA was created by the Financial Services Act 2012 and formally began operating alongside the new Financial Conduct Authority on 1 April 2013. As the Bank of England is operationally independent of the Government of the United Kingdom, the PRA is a quasi-governmental regulator, rather than an arm of the gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Compensation Scheme
The Financial Services Compensation Scheme (FSCS) is the UK's statutory deposit insurance and investors compensation scheme for customers of authorised financial services firms. This means that FSCS can pay compensation if a firm is unable, or likely to be unable, to pay claims against it. The FSCS is an operationally independent body, set up under the Financial Services and Markets Act 2000 (FSMA), and funded by a levy on authorised financial services firms. The scheme rules of the FSCS are made by the Financial Conduct Authority (FCA) and are contained in the FCA's Handbook. The FCA also appoint its Board and the FSCS is ultimately accountable to the FCA. The scheme covers deposits, insurance policies, insurance brokering, investments, mortgages and mortgage arrangement. FSCS is free to consumers and, since 2001, has helped more than 4.5 million people and paid out more than £26 billion. Since 31 December 2010, maintaining a single customer view has become mandatory for Uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friendly Societies Of The United Kingdom
Friendly may refer to: Places * Friendly, West Yorkshire, a settlement in Calderdale, West Yorkshire, England * Friendly, Maryland, an unincorporated community in the United States * Friendly, Eugene, Oregon, a neighborhood in the United States * Friendly, West Virginia, a town in the United States * Friendly Islands or Tonga Other uses * Friendly (surname) * Friendly (musician), Australian-born musician * Friendly (sport) or exhibition game, a game of association football or bandy that has no consequence in a wider competition * Friendly's, an American restaurant chain * Friendly Center, a shopping mall in Greensboro, North Carolina, United States * Friendly Hall, a building on the University of Oregon campus * Friendly High School, a public high school in Fort Washington, Maryland, United States * Friendly number, in mathematics, shares a property concerning its divisors * Friendly TV, a British TV station from 2003 to 2010 See also * Friend (other) * Friendly Hill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
