Manchester Unity Australia Limited

Following lodgement of a joint application by Manchester Unity Australia Limited (MUA) and Foresters Friendly Society (Foresters), the Australian Prudential Regulation Authority (APRA) (the government regulator of Life Insurance Companies), approved a transfer of the Benefit Funds of MUA to Foresters, effective as at midnight on September 30, 2010. As a result of this transfer, all MUA policies will from 1 October 2010 be held with and administered by Foresters. All enquiries regarding MUA policies should now be directed to Foresters. The Benefit Funds Assets of MUA will increase the assets of Foresters funds under management from around $123M to $225M.

 

FORESTERS/FUNERAL PLANNING AUSTRALIA

Early in 2011 Foresters Friendly Society entered into an agreement with Funeral Planning Australia to promote Foresters Funeral Bond to the funeral industry throughout Australia. In entering into this arrangement Foresters obtained the services of two of the most experienced promoters of Funeral Bonds in the industry in Noel Woff and Richard Corby. Noel Woff comes to Foresters with 17 years experience in Funeral Funds; Richard Corby has 8 years similar experience.

Both Foresters and Funeral Planning Australia see Funeral Funds as a very attractive source of new business and indications are that Funeral Bonds are currently one of the most successful industry growth products.

Funeral Planning Australia produced the first of its business for Foresters in late March, 2011 and growth has been constant and in line with expectations in the months since. Foresters and Funeral Planning Australian are confident that Funeral Bond sales will continue to increase over the next 12 months, a situation we are sure will continue long into the future.

A Disclosure Document for the Foresters Funeral Bond can be downloaded from the "Products" designation on this website.