The AFS represents the friendly society movement in the UK, and has 45 members. Between them, these organisations manage the savings and investments of 6 million people, and have total funds under management approaching £18 billion.
Friendly societies were established to encourage self-help and personal responsibility and to enable people with limited financial resources to improve their economic status. They do not have shareholders, which means the full benefits of the products are passed onto their customers. They typically offer better returns, lower charges and better service than insurers with shareholders.
This web site provides information for people interested in friendly societies, including our customers, our members, policymakers and the media.
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