NPI
Company Information
About
The NPI Company
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
is Authorised and Regulated by the Financial Services Authority.
NPI,
The Pearl Centre,
Lynch Wood,
Peterborough
PE2 6FY
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