throughout the region are in serious numerical decline.
The main sources used in this article are reports from the Registrar of Friendly Societies
and later reports by the Registrar on Building Societies.
Mutual insurers have existed in the UK for hundreds of years in the form of friendly societies
and mutual insurance companies.
British friendly societies
have often been cited as exemplars of working-class self-help (or mutual) aid, embourgeoisement, and conservatism, while the organizations are often seen to have achieved their greatest influence and popularity in the mid-Victorian era.
One of the oldest Friendly Societies
still operating today is the Shepherds which was founded as long ago as 1826; the Society has a solid base of over 27,000 members located around the UK, yet an enlightened board and management team have made major advances in recent years in building a significant third party business through IFA's and intermediaries.
can be traced back to 1793 when an act was passed giving them legal status.
Gosden (1961), and Simon Cordery (2003) with regard to English friendly societies
; and David Beito (2000) with regard to U.S.
When building societies were friendly societies
and mortgages were issued on the basis of three and a half times the main applicant's salary, they were run for the benefit of all their customers - not just the fat cat directors and shareholders.
A FRIENDLY societies
provide savings plans with special tax-free benefits for regular savings of up to pounds 25 per month.
A THERE are a number of children's savings plans offered by Friendly Societies
that accept a maximum monthly contribution of pounds 25.
Simon Cordery's examination of British friendly societies
is a long-overdue look into the origins, operations, social significance, and ultimately, decline and demise of one of the most significant contributions to nineteenth century economic, social development in liberal and industrial Great Britain.