Axa Sunlife

catwoman150

I have found my policy details and my first one was taken out in sept 2001 putting £10 a month in and the second one was taken out in Feb 2002 again with £10 a month rising to £20 each. So I have paid in for 7 years and 6 years. I have only read the first 8 pages of this at the moment I know that someone said that they have been fined for mis selling. Is that right if so what does that mean for me if anyone knows.

Thanks for any advice that can be offered it would be grateful received.

wishicouldaffordit

catwoman150 wrote: »

I have found my policy details and my first one was taken out in sept 2001 putting £10 a month in and the second one was taken out in Feb 2002 again with £10 a month rising to £20 each. So I have paid in for 7 years and 6 years. I have only read the first 8 pages of this at the moment I know that someone said that they have been fined for mis selling. Is that right if so what does that mean for me if anyone knows.

Thanks for any advice that can be offered it would be grateful received.

i've sent you a copy of my letter via pm - all of those who have used it have received their money.

catwoman150

wishicouldaffordit wrote: »

i've sent you a copy of my letter via pm - all of those who have used it have received their money.

Do you think that I have a good case then?

wishicouldaffordit

catwoman150 wrote: »

Do you think that I have a good case then?

i don't see why not - won't hurt to send the letter.

dunstonh

I have only read the first 8 pages of this at the moment I know that someone said that they have been fined for mis selling.

No, they have not been fined for mis-selling. These products were bought direct and not sold. Therefore no mis-selling can take place.

AXA made a mistake on the disclosure documentation which they were fined for and that has given a loophole allowing people to quote that mistake to get their money back.

catwoman150

I have now read all the thread and I must of mis read that section. I do understand now. I have a copy of wishicouldaffordit letter and due to send it off over the weekend I will keep everyone informed about the outcome.

catwoman150

I have opened my ppost this morning and I have got a letter back from AXA who say that they are looking into my complaint and it will take about 4 weeks.

notahappysaver

I came accross this thread, due to some good news....that being my wife is pregnant, and we are due our first baby towards the back end of this year.

The reason I was looking was for answers as I don't really understand what I should/shouldn't be getting back as one of the ways of accomodating the cash costs of baby will be to cancel my four axa policies which total £100/month investment.

I am hoping that I am able to write to axa and get a nice refund plus interest where I can invest into cash isa the poorly invested money thus far.

firstly thanks to all the people contributing to this thread, it's been a long read but very worthwhile, perhaps some of you would be able to help me in the construction of a letter that will give me the maximum return.

A little info

Policy 1 - Started @ 10/month and matures 27/08/2012
Policy 2 - Started @ 10/month and matures 22/02/2015
Policy 3 - Started @ 10/month and matures 04/03/2017
Policy 4 - Started @ 20/month and matures 28/04/2018

By my calculation, this month I will have seen a total accross all policies being saved at £6720

I live in the hope that the advice on this forum can help me, and I thank you once again for what's been posted so far.

saram613

Could someone please PM me a copy of the letter that has been used in order to get money back!!

I have started a new thread on this subject today, i started reading this original thread but didnt realise that it went on so much and really i should have added my post to this one so apologies for that. I took out a policy in 2002 and so far have paid in £2240 and have been quoted a £1667 surender value.... Many thanks for your time

catwoman150

Just a quick question how long does the whole process take from sending the first letter to receiving a refund of some kind.