Advice on small Standard Life Endowment / Grounds for mis selling

justlikethat_2

I have a small endowment taken out in 1998 due to mature in 2023. It was to cover mortgage on a property which I sold a few years ago.

I intend to cash it in and use the money to pay part of cost of badly needed new car.

My question is do I have grounds to say it was mis-sold?

• I was aware of the nature of the investment and was given projections although my advisor of course stressed how much extra I would have left over!
• However can I appeal on the grounds that as it was such a small amount it would have been much better to have had a repayment mortgage?

At the time I was a teacher working on a 0.6fte contract but always working the other 0.4 on a supply basis.