What is the Family equity plan?

In this brief blog, we are going to discuss the family equity plan.

The Family equity plan

Family Equity Plan is a UK company which was founded in 1975. The Company’s line of business includes the purchase, sale, and brokerage of securities.

Family equity plan previously traded on this the www.family.co.uk domain but have now rebranded as One family.

In 1989 Family equity plan changed their trading name to family investments (management) bt have now recently switch their trading name to One family.

The structure of the company has also changed as OneFamily is a trading name of Family Assurance Friendly Society Limited (incorporated under the Friendly societies Act 1992. Reg. No. 939F), of which Family Equity Plan Limited (Co. No. 2208249) is now a subsidiary.

Family equity plan is authorised by the Financial Conduct Authority (FCA). You can see their profile on the FCA register here.

Family equity plan through its brand name “Onefamily” provide some of the financial products marketed by other brands such as Sainsbury’s, the post office and the AA.

The Family equity plan now provides a host of financial products including:

Lifetime ISA

Junior ISA

Over 50s Life Cover

Lifetime Mortgages

Child Trust Fund

Junior Bond

Family Bond

Ethical Equity ISA

These products can be broadly categorised as different types of ISAs including:

“Cash ISA – Cash ISAs are available as variable rate accounts or fixed rate accounts. The interest rate on a variable rate cash ISA can go up and down over time whilst fixed rate cash ISA interest rates are guaranteed not to change for a fixed period.

Stocks and Shares ISA – With a stocks and shares ISA you won’t pay UK Income Tax or Capital Gains Tax on any gains you may make. But it’s important to remember you may also not get all your money back, as you’ll be investing in stocks and shares and the value of these can go up or down.

Innovative Finance ISA – With these ISAs you earn tax-free interest on peer-to-peer lending platforms. Although the growth potential could be higher than a cash ISA, the risks are also higher as money is not protected by the Financial Services Compensation Scheme.

Lifetime ISA – The Lifetime ISA is a tax-free savings or investment account to help 18 to 39-year-olds buy their first home or save for retirement. Save up to £4,000 each year, and receive a government bonus of 25% – that’s a bonus of up to £1,000 a year. Conditions apply when withdrawing funds from a Lifetime ISA.”

How to contact Family equity plan?

You can contact Family equity plan using their website here.

You can also contact them by phone on 44 01273725272.

You can contact them via post at their head office at:

16-17 West Street Brighton Bn1 2rl, Brighton, United Kingdom

To find out more information about family equity plan you can go to the One family website.

In this brief blog, we discussed the family equity plan. If you have any comments or questions please let us know.

If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.

You can also contact the debt charity “Step Change” if you are in debt and need help.