NF
Not F

1 reviews | Active since Sept 2016

25 Aug 2020, 17:55

Liberty Life cutthroat money grabbing tactics even to its own Financial advisors...

I was previously a Liberty financial advisor. Liberty is the only insurance company out now that attracts Financial advisors as employees on the basis that they will pay the financial advisor 90% commission on every sale up front. So when a client cancels the contract liberty deducts the 90% commission from the next sale the Financial advisor makes and so on...Financial advisors will do anything to make that one sale happen even taking u to Mug n Bean at the FAs own expense liberty does not pay for transport or failed sales or cancelled appointments at the last minute. But they deduct every time a client cancels...Liberty is cutthroat even to their employees. If the Financial advisor resigns they still terrorise the financial advisor for the 90% commission. No ethics, not a righteous company you can see even from the way they treat their employees. Terrible company to work at terrible company to invest your retirement in....

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NF
Not F's update25 Aug 2020, 18:03
Reviewer Update
Looking for other financial advisors that have had a similar experience with Liberty and is dissatisfied with the way Liberty treats their financial advisors... They should be reported. Their employment contract goes against the Basic conditions of South African employment... This is *******ion, multi million rand industry blacklisting employees for the 90% commission, treating the employees unfairly...