Act now on mis-sold endowments: new article

gill5blue

I am sure I received letters from Allied Dunbar, but I treated it like my pension and thought I could wait until the Government got involved.

I definetely did not receive anything from Sun Alliance.

The name of the company is EMC 01206366320 and it was a definite cold call

gill5blue

I looked on FOS and FSA website and I think I read that the 3 years only applied to complaints through the FSA. Thay also talked about the 15 year rule, but I need to read more to see what they mean
Cheers for the info

defender_of_the_weak

The 3 year rule is applied by all companies to the handling of endowment complaints, based on the principle that if this applies to the Ombudsman it must also apply to companies in their treatment of individual complaints. If you think you were missold then try making a complaint yourself using the template letters on here

wilf55

hi what are the timescales involved as in time is running out to claim for mis sold endownments have tried reading through and cant actually find it even though i am 100% sure it will be there a thousand times over
thanks

debsx

dunstonh

wilf55 wrote: »

hi what are the timescales involved as in time is running out to claim for mis sold endownments have tried reading through and cant actually find it even though i am 100% sure it will be there a thousand times over
thanks

debsx

It is 3 years from first being notified of a high risk of shortfall. Most of the notifications that met the required standards went out in 2003/4.

MSNovice_2

I,ve just started on this site and haven't read all the relevent info, so please excuse me if the info I need is somewhere I haven't seen yet.

However, I sold my endowments about 5 years ago as they were costing a lot with no hope of a decent payout.

Q1

MSNovice_2

I,ve just started on this site and haven't read all the relevent info, so please excuse me if the info I need is somewhere I haven't seen yet.

However, I sold my endowments about 5 years ago as they were costing a lot with no hope of a decent payout.

Q1 Can I still pursue the companies for misselling?
Q2 I know that at least one of the Financial Companies we used to buy the endowment no longer exists (the broker, not the Insurance Company) does that matter?

dunnomate

Aren't there many companies that can get help getting compensation ? I don't know how much they take as a result of a successfull claim .

cheers

dunnomate

dunstonh

dunnomate wrote: »

Aren't there many companies that can get help getting compensation ? I don't know how much they take as a result of a successfull claim .

cheers

dunnomate

There are a number of claims management companies. Some acting within the rules but some that do not. All some do is use the same template letter for everyone and send that in. About 5 minutes work in total and if successful they take 25% or whatever of the redress.

Whilst a decent claims management company may do more work and tailor the complaint, there appears to be more that use the template letter rather than a bespoke one. The complaints departments know the template letters from claims companies and do treat them differently to individual complaints. You cannot blame them either when you see the things they say. Its quite clear that they are telling lies in the hope of finding a technicality that results in an upheld case rather than raising genuine reasons.

It doesnt take long to run off your own complaint letter. it doesnt need to be war and peace and if you are successful then you get to keep all the redress and not pay a quarter of it to someone else.

Logsy

How do I go about getting some info on whether to cash in my endowment? I'm competely new to the game. very excited to have just received £6,500 compensation thanks to the advice here and now thinking should I keep it or not?
Its with Guardian Financial services
65,925 due in 2019 currently worth £16K with shortfall at 6% of £20k
Thanks for any advice