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Friends Provident International Profile: What is Friends Provident International?

Friends Provident International Ltd is a provider of financial services for offshore investment.

This page will look into Friends Provident International profile, including:

  • What is Friends Provident International?
  • What is the history of Friends Provident International?
  • Friends Provident International Products
  • Friends Provident International Contact Number

If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).

Inquiring into Friends Provident background information may help you decide whether its offerings broaden your investment options or if they complement what you already have.

Friends Provident International Profile

What is Friends Provident?

FPI offers savings, investment, and protection products to expats & locals across Europe, Southeast Asia, and the Middle East.

The company also maintains offices in the following locations:

  • Singapore
  • Hong Kong
  • Dubai
  • the Isle of Man

The actuarial consultancy AKG, which specializes in grading the financial services industry, has given Friends Provident a 5-star service rating and a B+ grade. Out of all offshore life operations, this one has the highest rating.

Friends Provident International Profile

The company claims that the fact that it is based on the Isle of Man, a well-known global financial center with an exceptional reputation for investment safety and several accolades from around the globe, gives tremendous comfort to its consumers.

Additionally, Moody’s assigned the Isle of Man an Aa3 stable rating in 2023.

The island, which employs 9,000 people in the financial services sector, is also acknowledged by the International Monetary Fund as an outstanding offshore finance center of regulation.

What is the history of Friends Provident International?

FPI has more than 40 years of experience in the global market for life insurance.

When the Isle of Man welcomed its first offshore life assurance companies in 1978, the company was among the first financial institutions to locate there.

One of these companies was Lloyd’s Life (Isle of Man), which eventually changed its name to Royal Life International, Royal and Sun Alliance International Financial Services, and finally Friends Provident International in 2002.

FPI was purchased by International Financial Group Ltd in July 2020 from Aviva. With more than 200,000 customers, USD23 billion in assets under management, and 570 employees as of December 31, 2022, IFGL offers investing, savings, and protection products to foreign investors all over the world.

The purchase of FPI parent IFGL by worldwide private equity firm Cinven was a noteworthy milestone for the company in 2023. With the regulatory approval of this shift in the main investment from Vitruvian Partners to Cinven, FPI entered a new stage of growth and expansion.

The IFGL group also includes RL360 and Ardan International.

The founder of Friends Provident International is Clive Cowdery.

Friends Provident International Investment Products

Friends Provident International investment
  • Friends Provident International Premier Advance Savings Plan. As a unit-linked regular payment savings plan, Premier Advance includes an aspect of life cover. You get to decide how long you want to pay for; the terms range from 5 years to 25 years.
  • Friends Provident International – International Protector Middle East. This offering includes a Life Cover, Critical Illness Cover, and Life or Earlier Critical Illness Cover.
  • Friends Provident International Reserve Bond. The Reserve Bond is a global investment instrument designed for capital growth over a minimum period of five years, suitable for high-net-worth individuals seeking regular withdrawals, capital growth, or both. It provides access to over 150 funds.
  • Friends Provident International Summit. The Summit product is a savings and investment plan tailored for foreign investors, particularly high net worth individuals and those living internationally.
  • Responsible investing funds. Friends Provident International introduced the Stewardship fund, one of the first completely ethical investment vehicles, to the UK market.

Friends Provident International Executives

Some key executives of Friends Provident International include:

  • Group Chief Executive Officer and Executive Director David Kneeshaw 
  • Chair and Nonexecutive Director Sean Dowling 
  • Group Finance Director and Executive Director Alistair Brogden 
  • Finance and Commercial Director and Executive Director Mike Crellin 
  • Group Chief Risk Officer and Executive Director Sue-Ann Ind 

Friends Provident Contact Number, Other Details

Friends Provident Contact Number

Friends Provident International UAE

  • Address:Friends Provident International Limited, PO Box 215113, Emaar Square, Building 6, Floor 5, Dubai, United Arab Emirates
  • Phone: +971 4436 2800
  • Email: customerservices@fpiom.com

Friends Provident International Hong Kong

  • Address:803, 8/F., One Kowloon, No.1 Wang Yuen Street, Kowloon Bay, Hong Kong
  • Phone: +852 3550 6188 or +852 2524 2027 (main line)
  • Email: customerservices@fpiom.com

Friends Provident International Singapore

Friends Provident International Performance

Here are some pertinent details for Friends Provident financials:

The firm’s UAE arm reported insurance revenue of roughly 34.6 million dirhams for the year ended Dec. 31, 2023, a slight year-over-year drop from 35.4 million dirhams.

Net investment income for the same period was 14.9 million dirhams, down from 59.2 million dirhams.

Total comprehensive income jumped year over year to 90.3 million dirhams in 2023 from 80.8 million dirhams.

Aggregate assets held at year-end 2023 stood at 5.62 billion dirhams, while liabilities hit 5.31 billion dirhams.

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