Teachers Provident Society was established in 1877 and is now the fifth largest friendly society in the UK. We manage over £873 million (as at 31st December 2004) on behalf of our customers.
The company was established as a friendly society to provide sick pay, annuities and endowments for people in the education profession, in a time when teachers received no financial help – such as pensions – from the Government. By providing schemes that everyone could afford we established a financial bedrock upon which people could plan for a dependable future.
127 years on and much has changed. We now offer a wide range of financial products and services to meet the ever developing needs of our customers from all walks of life. While products and services may have moved on from 1877, our values have remained the same. We continue to aim to provide understandable and beneficial offerings to our customers; supported by approachable and dependable customer service.
Our proposition is to offer our customers and those within the education market place information. education and advice through different distribution, including worksite marketing and face to face advice. Our wide-ranging product suite will address the financial needs of our target marketplace, through own manufactured or gap filled products from providers who offer our customers good service, value and that provide the organisation with sustainability for the with-profits policyholders.