Endowment Another one looking for advice please

Tasape

Hi all
We Purchased our endowment on the 29-10-1987
The Original Policy wat taken thro a private broker (now Defunked)
and was with Scottich Amicable, Scottish Amic were then Brought out by Prudential.
The Maturity amount is supposed to be £38k + profits
We are getting the preverbial red letters of shortfall

Am i entitled to go for Compensation of misselling the Pru seem to think not the Fsa were not much help either telling me to contact the Pru (brickwall)
all the pru sent we was a letter confirming thet the Stockmarket were doing badly and this was affecting our policy (err i kinda knew this this is why i wrote to them)
So Money whizz people where do i stand
thanks

EdInvestor

If you want to make a misselling complaint against a broker who is out of business you need to go to these people:

https://www.fscs.org.uk

dunstonh

EdInvestor wrote: »

If you want to make a misselling complaint against a broker who is out of business you need to go to these people:

www.fscs.org.uk

No good in this case. FSCS protection didnt come until August 1988 and this policy was sold back in 1987.

Am i entitled to go for Compensation of misselling

You have no one to complain to. Pru have no liability for the complaint. The FOS dont as they mediate complaints with firms who are not still in business. The FSCS dont because its before their existence. The firm doesnt exist so you cant come after them. The FSA dont handle complaints.

Its end of the road.

Luckily its a Scot Am policy who have a 98.2% current success rate on hitting target so you may not be in a real shortfall position. Even those small numbers who do shortfall dont by much.

Tasape

Thanks for the advice