(Banking & Finance) Brit an association of people who pay regular dues or other sums in return for old-age pensions, sickness benefits, etc. US term: benefit society
Barclays, in tandem with Family Investments Friendly Society, offers - from January 17 - an equity tracker CTF which will follow FTSE100 with 70 per cent of the sum saved, while the remaining 30 per cent stays in a cash fund.
Around pounds 39,000 worth of the coins go missing from circulation every day, adding up to more than pounds 14.2 million a year, according to friendly society Liverpool Victoria.
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