Forestersfriendlysociety Reviews

Stay Away

Stay Away Offered an attractive 400 cashback to sign up and deposit 1k for 3 months so I did sucked me right in I decided to keep the 1k a month deposit going as I could afford to and in month 8 decided to give them a call and see how my investment was doing It has barely made 30 while interest rates are at their highest pitiful I asked to take my money elsewhere and close the account but they said they will take back the 400 cashback if I don t keep the account open for a year so I m stuck with it for another 4 months Will make sure I tell everyone I know not to bother with Foresters Friendly

WARNING To anyone hoping to get cashback

WARNING to anyone going through a cashback site where Foresters so called friendly society promises cashback after 3 months minimum investment period You actually have to be invested for 12 months Why even mention 3 months in your marketing Its an old school business with no online access nor any information where your money is invested or how it is doing you get no statements or anything Avoid this fraud company FFS

No online portal access

The NISA account was opened in June 2023 but I am still not allowed to register for the online account management portal Just keep receiving ridiculous messages like The update to our site that included the new member Login portal launched a number of weeks ago It will be a little while yet until we can onboard all existing members due to the complexity and scale of the project Our Member Services teams are unable to set up portal access on request We ll be in touch when it is your turn to register This does not sound like the 21st century service standard to be honest especially when many financial services providers allow you to register open and manage online accounts in an instant

Still no invitation to register

I m coming up to my 2nd anniversary of my savings policy and still no invite to register with the online portal what is going on with these people

Terrible customer service even worst financial management

They re seemingly not very experienced at what they do I have been paying into a fund for 10 years and they ve earned me absolutely pathetic returns Way less than if I d left it in a current account all that time Additionally because they can t just grow some money all they do they ve had to indefinitely hold on to 8 of my money as a market value reduction This is something that they can and have done arbitrarily apply to investments No idea when I will get my 500 back they re really casual about when I can have it making no promises The staff when they reply make it clear that I am a nuisance - ignoring the part where they re holding my money hostage So I m not allowed to annoy them but they can do what they want I always wondered if they were a bit of a pyramid scheme and my suspicions are being proven The reason I m writing this now is that having decided to withdraw read rescue 85 of my investment I m still struggling to get them to pay out with random estimations of when they might get around to processing my claim An email thread of 10 emails suddenly went quiet when they changed tack and wrote to me in the post apparently - I haven t actually received this to tell me that I d filled the wrong form in Someone there needs to 1 teach their investment managers how to grow a fund or just stick it in a savings account for better results and 2 recognise that indefinitely stealing money from a customer IS something a customer should be annoyed about

Foresters Friendly Society pay 0 06 interest

Foresters Friendly Society were paying around 0 06 percent interest per year over a 5 year period Also they are withholding over 500 for cashing in They keep making false promises of hoping to pay the 500 held in the account

Shambles

For one they share or have a very similar name to another company which is confusing but my main gripe is that I have just filled out a form two weeks ago and sent my I d in to be able to complete the claim and get paid out on my late dads policy for me to have to chase them up nearly two weeks later to be told they sent the wrong form out They are now sending me another form out where you lot waiting for a call before realising your mistake Fuming is not the word I paid for my dads funeral costs out of my money and have little funds left of my own it s an upsetting time as it is without the so called life insurance experts sending you out a wrong form stay clear of these lot and unlike my dad use a company you have actually heard of

Awful awful awful

Awful awful awful my dad recently passed away and I have tried many many times to get paid out on his life insurance and kept getting problem after problem The main problem being they sent out the wrong form for me to fill in then you hear nothing for 2 weeks contact them when they decide to tell you it was the wrong form They posted the right one apparently no sign of it get it sent on email instead they repeatedly tell me my brother has not signed even though he has and I prove it there is lots more to it but they cannot do basic simple tasks complete joke outfit