Missell claim rejected in 2003 but letter received

Johnocyprus

Can anybody advice why Barclay's have written me a letter telling me they will review their decision in May 2003 not to award compensation. Briefly, in 1985 I took out a £40k Standard Life Endowment sold to me by the Woolwich B Socierty. By 2003 a large shortfall was projected and I applied for compensation. Barclays, who by then had taken over the Woolwich rejected my claim. Regretfully I did nothing until 9 months later and was then advised that because I had not contacted them within six months I had lost any right to compensation. I have today received a letter from Barclays telling me that they have decided to " revisit some previously resisted complaints" and offering to review my case. I am baffled by this letter being slightly cynical about the workings of financial institutions. Any advice please.

[Deleted User]

My endowments were with lloyds tsb life,mine were also rejected 2001 so cashed in ,recieved letter from tsb feb 2006 saying they were going to review my policys again ,wasnt going to fill application in ...glad I did recieved £260.00 so get yours sent in and the best of luck,,,,,,,,,,,,Jockserb

dunstonh

LTSB Life have a good range of funds (on the old Lloyds bank side) and its a shame you cashed it in. It would probably be back on track for surplus now, even if you assumed their managed fund. They set them up mostly on 4.4% or 6% target growth rates (although some of the estate agent ones could go to 7%). Plus I seem to recall some of theirs have increased allocations in later years (above 100%).

EdInvestor

Quite a lot of firms are being forced by the FSA to review misselling complaints they previously rejected. It has discovered they have not been following the rules.

Abbey was the most well publicised case.