Endowment offer - should I accept?

vague

Have just received compensation offer from FSA - used FSA as broker in receivership.Offer seems pretty poor - Had endowment from 1989 and still have it.Changed to repayment mortgage in 2001 when I bought new property as heard all bad things about endowments.FSA say I fill criteria for compensation but stop calculation when I moved to repayment.Understand why they do this but had to move on to more expensive repayment as shorter time to pay off .Would have done better to keep part repayment / part endowment .Anyone ever questioned FSA decision successfully or should I just accept decision and take measly compensation claim? If done successfully do you know how I go about it?

Thanks

dunstonh

Have just received compensation offer from FSA - used FSA as broker in receivership.

You mean FSCS. The FSA dont handle consumer complaints.

Changed to repayment mortgage in 2001

Thats your problem.

Understand why they do this but had to move on to more expensive repayment as shorter time to pay off .

That was a choice you made at that time. The original adviser did not make that recommendation. They cannot be liable for your choices made 12 years later. Hence why the redress takes that into account.

Would have done better to keep part repayment / part endowment

Yes and no. At this point probably yes. 12 months ago probably no. Its all a matter of timing.

Anyone ever questioned FSA decision successfully or should I just accept decision and take measly compensation claim?

The calculation method used by the FSCS is set by the FSA. If they are using the correct calculation then there is nothing you can do about it. You have no other choice or option.

vague

Thanks for helping - guess its not what I wanted to hear but at least Im getting something so better off than I was a week ago.Thanks for your time