15yr endowment with profits ,claim????

stuey123

hi guys me mum and dad made me take out when i was 16yr old ,with profits endowment £20 month,at first had good returns then seem to just keep going down,untill the point my last bonus in total was £99 should been lot more,any way finished when i was 31 which was 4yrs ago any poss calim ????? great site keep it up :rotfl:

maninthestreet

So you want to make a claim for misselling by your parents???

dunstonh

That would be a savings endowment, not a mortgage endowment. So, the complaints reasons for that would have to be different (as you cant complain that you should have been given a repayment mortgage!).

any poss calim ?????

Not with what you have typed. Investment returns are not allowed to be complained about under FSA rules. So, thats an easy rejection for them.

Your plan was not sold to you so you dont have the authorisation to complain and its probably time barred now as its gone so long past maturity. Even if you could, what would be the grounds? ISAs didnt exist back then. PEPs did but were only typically available to larger investors or through IFAs, not insurance agents (and yours was probably industrial branch and not ordinary branch). So, looking at the year it was taken out, you cant say it was the wrong product as it was really the only product.

maninthestreet

So how much did this 15-year, £20 per month endowment actually payout on maturity?

stuey123

i think about about £7000 ish pounds

nw_man

£7 grand and you want to complain about it ???? :eek:

You cannot be serious !