Welcome to the Stock Exchange Benevolent Fund

The Stock Exchange Benevolent Fund’s history dates back to the inauguration of the regulated Stock Exchange in 1801. It first came into existence by subscription of ten guineas per annum and was the subject of a ballot that was repeated annually. In 1802 the new London Stock Exchange building was opened in Capel Court.

At this time you needed to become a member of the exchange in order to trade but this structure eventually gave way to proprietors, members and clerks. This organisation continued until after the second world war. The abolition of fixed commissions, the move to dual capacity and the advent of computer trading led to the de-regulation of the industry and Big Bang in 1986.

Trading shares has always been a risk business and the SEBF was originally formed to provide support to present and past members of the LSE and their families who fell upon hard times.

Since 1994 there have been no new members of the London Stock Exchange but the SEBF continues to award annuities or emergency grants to surviving members and their dependents. The fund consists of a committee that awards help under the daily administration of a secretary and an assistant. The fund is governed by a board of Trustees and the fund’s assets are professionally managed.

If you are visiting the site because you think that we can help you then please read our section about getting help from us.

The LSE's trading floor in the 1970's

The trading floor at around the time of its closure in October 1986

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