What’s a

Friendly Society?

Isn’t it refreshing to be part of a family that gives something back to its loyal customers? That’s exactly what we’re doing here at Foresters Friendly Society. Watch the film below to find out how.

Foresters is there for you too

Take out any of our financial products and you’ll automatically become a member.

Grab the popcorn, settle back and watch our short video about how being a friendly society makes us different and all about you.

Why invest with a friendly society?

 

No shareholders to pay – We have no external shareholders, so we don’t have to pay dividends to anyone.

Membership benefits – Friendly Societies such as us use the revenues we generate for the benefit of our customers, who are also referred to as members. We do this by investing in customer service and distributing any remaining profit to members in the form of policyholder bonuses We also provide a range of worthwhile member benefits to our members at no additional cost.

The membership benefits we provide aren’t regulated by the Financial Conduct Authority or the Prudential Regulatory Authority, and are regularly reviewed by us to ensure they are relevant to our members.

Tax-free savings – Because of our unique legal status, friendly societies offer tax-exempt savings products that are not available from other providers such as high street banks. Under current legislation, this means that each person (including children) can save up to a maximum of £25 a month in a friendly society Tax Exempt Savings Plan. Please be aware that tax rules may change and depend on individual circumstances.

Helping people to help themselves – Whilst benefits can add value to taking out a plan or policy with a Friendly Society, it should be remembered that mutuals are, and have always been, about helping people help themselves, playing a vital role in financial services and in today’s society.

The customer always comes first – Imagine that? That old fashioned, traditional value is alive and kicking with Friendly Societies. We always aim to make a positive impact on the lives of our members which is why we boast a sustained 96% member satisfaction score (2018 survey).

There are two ways to become a

Foresters member

FREE membership included

Take out one of our financial products

You might want to put something away for your children. Or save up for your future. Every one of our products includes free membership with access to a range of benefits.

£25 per year

Membership subscription

Don’t need a financial product? Don’t worry. You’ll also be welcomed as a member by taking out an annual subscription. For only £25 every year you can enjoy all the benefits of Foresters Extras, including financial support, practical help, as well as social and community events.