2 November 2021
Foresters Friendly Society confirms new business growth continues in the third quarter of 2021
We are so happy to welcome our new members and to further support our existing members as our new business growth continues in the third quarter of 2021
Following the significant increase in single premium investments (lump sums paid into plans) for the first half of 2021, the third quarter continued in the same vein with a 16% increase year on year with people choosing the mutual society for their savings needs.
In the third quarter (July to September), the premium income was mainly in the form of the Foresters stocks & shares ISA followed by payments into our Lifetime ISA and Investment Bond products.
At the end of September 2021, single premium income has almost doubled year on year with an increase of 92% experienced (compared to the same time frame in 2020). As reported earlier this year, the Society’s Digital channel (those joining the Society via its website) continues to deliver outstanding single premium income growth of 135%.
Sally Waterfield, Head of Marketing at Foresters Friendly Society commented “It is extremely pleasing to see the new business growth that we have experienced this year continuing, and we welcome our new members enthusiastically as we prepare to support them with their financial needs but also any wider needs they may have through our member benefits package for the foreseeable future.
Our existing members continue to place their trust in Foresters Friendly with continued top ups being made to their savings plans. Again, we are here for our members through our discretionary grants and additional financial support in addition to their plan returns.
Our team of dedicated and friendly staff have gone above and beyond in delivering sustained and high levels of member service, which we thank them for and of which we are very proud.
We look forward to continuing this pattern in the final quarter!”.
You could get back less than you pay in to the Society’s range of ISAs and the Investment Bond. 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.