National
Provident Institution Company Information ( NPI )
About
The National Provident Institution Company ( NPI )
National Provident Institution ( NPI ) is part of a group
which includes London Life, Pearl, Henderson Global Investors and
Towry Law (one of the largest IFAs in the UK).
HHG.com
contains more information about the group, as well as the HHG Shareholder
centre for the latest share price and more information about HHG
shares.
The
History of NPI
Quakers
and insurance agents William Hargrave and Joseph Marsh had been
the most successful agents of the Friends Provident Institution,
which sold life policies only to Quakers. The pair eventually took
life policies to a wider public.
In
1835 they established the National Provident Institution (NPI).
An advertisement in The Times newspaper offered nine types of insurance
and invited readers to apply. The NPI prospectus reminded readers
that:
"The man who daily expands upon himself more than is necessary
for his proper sustenance, and takes no thought for the period of
age and decrepitude which is likely sooner or later to befall him,
is deficient in that prudence which is the handmaid of every virtue".
AMP
purchased NPI in 1999. By this time NPI was the UK's 17th-largest
life insurer.
AMP
(the previous owner) demerged its UK companies in 2003 into a new
group headed by HHG plc. London Life, NPI and Pearl are now part
of the Life Services division of this new independently managed
UK business.
NPI
The Pearl Centre
Lynch Wood
Peterborough
PE2 6FY
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