Foresters maintains With-Profits league performance

Wednesday, May 8, 2013

Foresters Friendly Society has once again been commended in the highly respected Money Management With-Profits survey*.  Each year, Money Management magazine examines the with profits sector comparing the performance of these funds.  Despite many commentators heralding the end of With-Profits, the latest results show that the sector is capable of competing with investment funds and savings accounts across all time frames. 

Foresters appears 6th out of 55 companies according to maturity values for a male aged 30 over 20 years* and was commended for the strength of its performance achieved from a balanced blend of equities, fixed income and property investments.  The report goes on to note that where the real positive figures lie are in the payouts from providers, like Foresters, which are still open to new client business.

Neil Armitage, Marketing Director at Foresters Friendly Society, said, "At a time when the with-profits sector is in decline, we are delighted that this survey has highlighted Foresters' strong performance, particularly over 15 and 20 year terms.  We want to highlight the importance and value of long term saving for everyone.  Saving a little each month can make a real difference to your finances.  As a mutual, our aim is to provide members with a range of straightforward financial solutions whether you're thinking of saving regularly or investing a lump sum and looking for the tax advantage only available from a friendly society." 

*The Money Management Survey, April 2013, looked at maturity and surrender payouts for a male non-smoker who is under 30 paying £50 a month into a With Profits policy.  These figures are then compared with the figures from other providers to compare companies' past performance.