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Teachers Assurance
Teachers Assurance (officially Teachers Provident Society Limited and previously known as the Teachers Group and simply Teachers) is a friendly society in the United Kingdom. The company offers a range of savings, investment home insurance, health and life cover for individuals and their families, designed with teachers in mind. Teachers Assurance is a mutual friendly society, which means it has no shareholders. The company is owned by, and works for, its members (the people who save and invest in their products). Any profits are shared between members or reinvested to provide services to the teaching profession. It was announced in December 2014 that the business of Teachers would, subject to regulatory and member approval, be transferred to Liverpool Victoria Friendly Society. Following the vote in favour of transfer to LV= (Liverpool Victoria Friendly Society) by Teachers Assurance members at the Special General Meeting in December 2015 and the agreement of the regulators, Teach ...
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Friendly Society
A friendly society (sometimes called a benefit society, mutual aid society, benevolent society, fraternal organization or ROSCA) is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. Before modern insurance and the welfare state, friendly societies provided financial and social services to individuals, often according to their religious, political, or trade affiliations. These societies are still widespread in many parts of the developing world, where they are referred to as ROSCAs (rotating savings and credit associations), ASCAs (accumulating savings and credit associations), burial societies, chit funds, etc. Character Before the development of large-scale government and employer health insurance and other financial services, friendly societies played an important part in many people's lives. Many o ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Savings
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is i ...
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Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ...
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Liverpool Victoria
Liverpool Victoria, trading since May 2007 as LV=, is one of the United Kingdom's largest insurance companies. It offers a range of insurance and retirement products. History The First Hundred Years The first known meeting of the Society was in March 1843 but there is no record of the members of the committee or its incorporation or rules. The anniversary history described it as starting without any subscribed capital, or influence and little experience. All that is known is that its President was a William Fenton, who also became treasurer and is believed to be the driving force behind the Society’s early growth. However, its objectives were clearly set out in its first report in September 1843. “The great object of this Society is to afford the poorer classes of the community the means of providing for themselves and their children a decent interment at the trilling expense of a halfpenny, a penny or three pence, according to the age of the member” Anon, Liverpool Vict ...
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National Union Of Teachers
The National Union of Teachers (NUT; ) was a trade union for school teachers in Education in England, England, Education in Wales, Wales, the Channel Islands and the Isle of Man. It was a member of the Trades Union Congress. In March 2017, NUT members endorsed a proposed merger with the Association of Teachers and Lecturers to form a new union known as the National Education Union, which came into existence on 1 September 2017. The union recruited only Qualified Teacher Status, qualified teachers and those training to be qualified teachers into membership and on dissolution had almost 400,000 members, making it the largest teachers' union in the UK, United Kingdom. Campaigns The NUT campaigned on educational issues and working conditions for its members. Among the NUT's policies in 2017 were: * Fair pay for teachers * Work-life balance for teachers * Against academy (England), academies * Abolition of National Curriculum Tests (SATs) * One union for all teachers The NUT offe ...
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