# Scottish Friendly Assurance Society

Scottish Friendly Assurance Society is an Insurance based in Glasgow, United Kingdom.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Glasgow, United Kingdom
- **Region:** Europe
- **Address:** Galbraith House, 16 Blythswood Square, Glasgow, G2 4HJ, United Kingdom
- **Founded:** 1862
- **Assets under management:** £4.4 billion (per Scottish Friendly, 2025)
- **Website:** www.scottishfriendly.co.uk
- **LinkedIn:** https://www.linkedin.com/company/scottish-friendly

## Regulatory record

- **Reports private funds:** No

## About

Tax-efficient ISAs, Junior ISAs, life insurance and investment plans from a leading UK mutual. Scottish Friendly have been investing since 1862.

## Sectors

- Insurance

## People

- Stephen McGee — Representative, Association of British Insurers
- John McGuigan — Chair

## Questions

### How did the Fidelity International book acquisition change Scottish Friendly's business mix?

In 2024, Scottish Friendly acquired Fidelity International's pension and annuity in-payment books, adding a block of recurring-payment retirement liabilities to its balance sheet. This follows a 2019 deal for a Canada Life book, making back-book consolidation a visible capital-allocation theme for the society.

### Does Scottish Friendly manage assets for institutional allocators or limited partners?

No. Scottish Friendly manages its own general-account insurance assets for the benefit of members. It does not operate as a third-party asset manager or raise external capital.

### What is the Scottish Friendly Children's Book Tour?

The tour is a long-running philanthropy partnership with Scottish Book Trust that brings children's authors directly into UK schools. It highlights the society's surplus-allocation model — rather than paying dividends to shareholders, the mutual funds literacy and community programs.

## Related profiles

- [Scottish Equity Partners](https://altss.com/profile/scottish-equity-partners)
- [Scottish Investment Trust](https://altss.com/profile/scottish-investment-trust)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/scottish-friendly-assurance-society

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