Background

Partnership Assurance (“Partnership”) was formed in October 2005, following the demutualisation and management buy out of the Pension Annuity Friendly Society (PAFS). PAFS was established in 1995 and was the UK’s first writer of impaired or enhanced annuities. The acquisition by Partnership marked the first ever demutualisation of a UK friendly society.

Since the acquisition, Partnership’s business has grown substantially and we are now recognised as one of the leading providers of retirement and care annuities for people with health conditions. Beginning with retirement annuities, we then entered the care market, followed closely by protection and, more recently, equity release, under our sister company, Partnership Home Loans. We actively look for ways in which we can use our expertise to deliver financial products that benefit our customers.