The back & forth comments have been happening long enough. It's clear that there are people willing to come forward. I will look into creating petition unless someone has already started one? Let me know. What should the petition state. What exactly are we asking for? What is our goal?
I am cancelling my account in Heritage and been paying it for my kids since 2011, by now We put about $5800 and sad to say we are loosing almost half of it, I am sending my cancellation letter tom and I am hoping I will get back some refunds I will update my post if they will send me a refund or not... so sad
ReplyDeletecan you please let me know how you initiated the termination process. Did you give any written notice to Heritage?
DeleteHave you guys made a formal complaint through the mediator of banking service & investment? (OBSI). So we can get our message accross.
DeleteHi I do agree with you. We should create a petition.
ReplyDeleteI have just lost about $5,000 in fees and penalties to hermitage. I enrolled my daughter 8 years ago contributing $170 monthly. I decided to switch to RBC after reading comments of parents who endured and waited for their investments to mature but were disappointed with what they got from these con artists called hermitage. To let you know the degree of their scam, herritage did not return a sum of over $1400 which is the earnings they made on my contributions over the period of 8 years. They returned the earnings made on government grants but held on to the earnings they made on the money I painstakingly contributed? How fair is thit? Heritage knows it is illegal to withhold earnings from government grants but they are not afraid to steal my personal contributions for my daughter's education. I am willing to join other parents who are in a similar predicament to jointly take a legal action against heritage.
DeleteHi there
DeletePlease send me an email. I am serious about moving forward with a class action lawsuit against Heritage RESP.
khef2016@gmail.com
what about a class action suit? heritage has already stolen my money from one plan and is now playing their games on my second one. I am going to need a lawyer.
ReplyDeleteYikes! This is what we are afraid of. Do you know how to start?
DeleteHi there
DeletePlease send me an email. I am serious about moving forward with a class action lawsuit against Heritage RESP.
khef2016@gmail.com
I'd sign that petition in a second. I just started poking around into this and it's obviously as scary as I thought.
ReplyDeleteWhat should we ask for?
DeleteI am glad that I found this website. Recently I became a victim of Heritage RESP. I will give my full support for a class action law suite against this organization.
DeleteHi there
DeletePlease send me an email. I am serious about moving forward with a class action lawsuit against Heritage RESP.
khef2016@gmail.com
The below website has some explanation about filing class-action law suits.
ReplyDeletehttp://www.classaction.org/list-of-lawsuits
Anyone who is interested in moving forward with a class-action law suite, please share your contact email with me.
Thanks for posting this. Going to have a look.
DeleteHello Superpower, Thank you for sharing this! I have added the URL on How to Start a Class Action to the "Helpful Sites And Blogs" section.
DeleteHey Superpower, if you are still working on your class action law-suit, I'd love to join. please contact me at saskproperties306@gmail.com
DeleteI have just lost about $5,000 in fees and penalties to hermitage. I enrolled my daughter 8 years ago contributing $170 monthly. I decided to switch to RBC after read ing about comments of parents who endured and waited for the investment to mature but were disappointed with what they got from this con artists called hermitage. To let you know the degree of the scam, heritage did not held to a sum of $1400 which is the earnings they made on my contribution of the period of 8 years. How fair is that? I am willing to join other parents who are in a similar predicament to jointly take a legal action against hermitage.
ReplyDeleteHi there
DeletePlease send me an email. I am serious about moving forward with a class action lawsuit against Heritage RESP.
khef2016@gmail.com
Is this thread still alive? I just received my statement and im very diappointed. Scammers!!!
ReplyDeleteYes. The thread is live.
DeleteDid anyone start this class action lawsuit. Got my statements. Not a happy parent
ReplyDeleteHi there
DeletePlease send me an email. I am serious about moving forward with a class action lawsuit against Heritage RESP.
khef2016@gmail.com
We are on the verge of cutting our losses now so we can at least invest what is left. So worried about waiting until school starts and then being shafted.
DeleteHi,
ReplyDeleteI am also a victim of Heritage RESP fraud. I am interested to proceed with the class action lawsuit. Please advice.
Thanks,
Sid
We were informed on the day of my step-son's graduation that his fund had been terminated. We had 18 days to accept a 60% payout of our invested principle, and all of the government grants were long gone. Brilliant business model. Take people's money, get rich off of it, give half back.
ReplyDeleteWe are struggling with craptacular customer service and mistakes from these clowns.
ReplyDeleteI wish I would have never signed up for this crap.
I called to ask if I can withdraw my daughters mature fund and move it to an RESP at my bank and was given answers to questions I didn't even ask. The rep then called me back and asked me why I would want to do that since there is no advantage. I told him straight up it is a giant hassle getting our money out every year. He never did answer my question.
This comment has been removed by the author.
ReplyDeleteI hope this thread is still active... My husband and I have had such a stressful time with these horrible scammers. We've had money difficulties over the years where things come up and are unexpected and were unable to deposit our original contributions for our daughters education savings. They always made us feel horrible/bad about it, explaining it will hurt your maturity date of your plan...etc, etc. I know personally our rep actually made me cry it was that bad. At the moment we have one locked and the other is deactivated. My husband and I are not sure what to do anymore we are at our wits end we wish we never went through this program we have too much money invested with them that we don't want to lose it all. My husband has asked me to see if there is a class action lawsuits that heritage may be in... anyone hear of any? Because we would join!
ReplyDeleteThey lie. They will frustrate you and make it seem like it is your fault! It's a tactic. It used to be called Allianz now Heritage took it and now I'm not sure who the behind the scenes adminstrator is. They used to have us upload forms in the website but that has disappeared. There is no record of my uploads.
DeleteRules keep changing. I was denied payment for my son's 2nd EAP payment because he was one credit short of fulltime for one semester. The following year they stated on the phone that that does not matter. Now I have had less than the principal returned to me despite my selecting the scholarship option for payout in 2014. The best class action lawyer is Harvey Strosberg. Look up the cases they won. Let's do this! I can't put my name here but if you post an email or contact information, I shall connect with you.
ReplyDeletePlease send an email to khef2016@gmail.com.
DeleteHello, we are having similar issues trying to get our son's first year payment out. He started school in 2015 but only completed one semester and is now going to school full time but doing 2 years instead of the original 4. When I went to start having the payment taken out they told me that if I did not change the option right away we were at risk of loosing his money.
DeleteWe put all the required paper work in to do this and then I get a call letting me know that because he had competed a semester we needed to choose another option and send then a percentage of the sales charges back. So we did this and sent them $525 on September 29th. We sent a copy of his first semester's transcript so that he can receive the full percentage for the first 2 years. I called today to find out when the funds are going to be released and they tell me they don't have a date. The story changes every time I speak to someone.
Does anyone know if they are being investigated?
Please send an email to khef2016@gmail.com.
DeleteConsidering transferring money to another institution's RESP. Opened the fund late, but contributing $500 monthly. Huge sales fees, for the last 1.5 yr we made $3.33... WTF? We were given all these beautiful projections when we were signing the document
ReplyDeleteI hope that you have all spoken to the Ontario Security Commission. They are aware of Heritage Education Funds. I called three times today. They register every call.
ReplyDeleteCould you provide and number please?
DeleteScrew these guys!!! Been contributing with RBC for the last 5 years. Up to 20K and account has a good return. Enroll in their RBC Balanced Fund. Last 10 years around 4-5.5% returns. Never heard of these guys?
ReplyDelete