RL360

Money & Insurance
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219 reviews
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Customer Reviews about

RL360

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Albert L.

1.00/5.00

"Terrible experience"

Absolutely terrible returns (1.8%) generated after 8 years being with them through Broadgate Securities / deVere (a very shady operation).
Expect advisors to change every year.
Very high fees.
20 years locking period.
PLEASE AVOID, do your research, and go for etfs through an online broker...

20/02/2023

Cortessa Lueyoung

1.00/5.00

"Weak financial advice"

Like many others I also followed the advice of financial advisors. My funds have barely increased and trying to withdraw my money I am told will entail higher management fees than I am already paying. Admin answers queries promptly, it is the Financial advisors that have gained at my loss. I would not recommend RL360.

02/02/2023

Fatima Elmardi

3.00/5.00

"RL360 is a good investment platform"

RL360 is a good investment platform. Its the financial advisors which makes the failure or the success story. I had lousy financial advisor who mismanaged my policy and as such I lost a lot of money. He was replaced by his senior whose interest was to make money for himself. I ask RL360 whether its possible to use a financial advisor from their own company to manage my policies who will be interested in making RL360 a success.

26/01/2023

ENRIQUE ALBERTO MARIN PACHECO

5.00/5.00

"Es una compañía que realmente crece cada día, asi como los rendimientos de sus clientes."

Es una compañía que realmente se preocupa porque tanto sus clientes como sus asesores se encuentren bien informados, ofrece un magnifico apoyo y soporte e inmejorables opciones para poder diversificar los portafolios de inversión, para asegurar los mejores rendimientos del mercado, todo esto aunado a los premios internacionales recibidos por su magnifica gestion y excelencia en la atencion a sus clientes, hace que esta sea la mejor y mas confiable institución financiera del momento.

25/01/2023

Lynne Ho

2.00/5.00

"Negative investment return after 20 years"

My dad has paid 13 years of annual premium and there is no return of investment. In fact negative return and we received a letter asking us to pay usd50k to top up the value. Imagine for the past 13 years of investment generates negative values.

15/10/2022

Minella D'souza

1.00/5.00

"Dont invest in this product nor trust…"

Dont invest in this product nor trust any advisors that come to you advising to invest in their product. Expats in the UAE get targeted and I wish I had done some research back then rather then investing my hard earned money in this terrible money sucker. Your money will be stuck and the only ones making any money are the investment advisors and the company. There are better products available in the market. Do your research and invest there

23/09/2022

Paul

1.00/5.00

"Unbelievable Poor Experience"

we had open a regular savings plan last month and overnight our personnel circumstances changes, we had only made 1 payment and I emailed the cancellation document 20 days after they had received my payment, I was astonished to find that I was deducted 22% of our initial investment due to investment loss on the underlying funds, I fully understand markets volatility but have to ask why would they invest in such a poor product, the only positive I can take is I cancelled this policy immediately, I would not recommend this company to anybody please avoid.

14/09/2022

Maribel

5.00/5.00

"Follow up was given until my issue was…"

Follow up was given until my issue was solved

23/08/2022

Mattias Wikström

1.00/5.00

"Pure theft!"

I do not understand how there can be positive reviews of RL360: First they sell me a terrible product, charge more than 100 times more in fees than any other investment company I have ever encountered, the original "advisor" ghosted me, the second one just laughed at my complaint about the extremely high fees, and when I asked what my options are for withdrawal once the policy matures, the answer was simply that they will not tell me that until the policy has matured. And, since the early withdrawal fees would essentially cancel out everything I'd invested, I have no option than to wait... After 20 years of investing, I still have no idea if I will ever be able to get any money back. Has anyone had any luck with taking legal actions against RL360?

07/06/2022

Simon

1.00/5.00

"Terrible product (Quantum) and shocking…"

Terrible product (Quantum) and shocking structure in place which facilitates mis-selling by IFAs of RL360 products. I was sold the product on the premise I would be able to withdraw funds after my initial 2-year lock in period; the time period after which the IFA receives their full commission from RL360, and also the time period one needs to submit a case to the IoM Financial Services Ombudsman in case of any disputes. After the 2-year period, I realized I would need to pay an extortionate amount to withdraw anything of significance (90% penalty). I have taken up this matter with RL360 to explain the mis-selling of their product, who simply refer me back to the IFA, who's company has now been wound up. IoM FS Ombudsman will not listen to case as two-year period has lapsed. Perfect scam between RL360 and IFAs.

28/05/2022
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