Bus Employees' Friendly Society Review

Bus Employees' Friendly Society Reviews are based on the quality of services they provide. Bus Employees' Friendly Society is a non-profit making society that is run by bus people solely for the benefit of bus people, and because they are mutual, and are not owned by shareholders, means that they only answer to their members.

 They were established in 1918, are registered under the Friendly Societies Act 1974 (Registration No. 1132F) and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Bus Employees Friendly Society is a proud member of the Association of Financial Mutuals (AFM), the trade body that represents the interests and uniqueness of financial mutual organisations of which friendly societies are a major part of.

They have served a majority of bus company employees in and around London and the South East for over 100 years, giving the bus employees peace of mind just when they would need it in times of sickness, bereavement and retirement. This therefore means that membership is primarily available to anyone employed by a bus or coach company, but they would normally be extended to employees who have worked for a bus or coach in the past and are now in other transport industries in the UK. For as little as 80p per week, the member is entitled to valuable benefits if you are unable to work though illness. They currently have around 450 members, all from the transport industry.

 There are also some notable schemes in order to provide assistance on retirement and to provide financial support to members' families in the unfortunate event where the member dies before the age of 68. As part of Bus Employees' Friendly Society benefits includes the low cost monthly payments, sickness benefits, financial advice as well as retirement saving and life cover plans.