Advisor gone out of business

Ashes

My Independant advisor for Norwich Union has gone out of business after giving me Endowment advise, I contacted Norwich Union direct and they wer'nt interested, is there any other way forward.
Kind regards Ashes

dunstonh

My Independant adviser for Norwich Union has gone out of business after giving me Endowment advise

He cannot be an indpendent advisor and work for Norwich Union.

Which was it, an independent or an employee or representative of Norwich Union?

Ashes

Sorry, I worded it wrong, two guys had their own company B&G Consultants, so he was selling Endowments.
Kind regards Ashes

payless

When did you buy the policy?

If its their own company & sold NU policy then its likely they were IFAs , although possible they were NU appointed reps ( they did have some App reps that they did not actually own)

NU should be able to confirm which -

If IFA the FSCS should take over ( although problems if pre 1988 policy) http://www.fscs.org.uk/

If App Rep - NU should deal

Ashes

Hi, these guys were selling any endowment, I believe, and Ive found out were not employed by N/U, so any Idea where I stand, they have gone out of business as they had to keep paying out for bad advice.
Kind regards Ashes

dunstonh

When was the endowment sold

Ashes

dunstonh wrote:

When was the endowment sold

dunstonh it was 1986

dunstonh

End of the road I'm afraid. Consumer protection didnt come in until 1988 and whilst some insurers will consider complaints before that date, IFAs didnt have to.

Compensationitis

dunstonh

I can't find you on the FSA register and can't work out why you call yourself an 'advisor' when every other IFA spells it 'adviser'.

Evan

Compensationitis

Dunstonh

There are few flaws in what you have posted.

Evan

dunstonh

You dont have any details to find me on the FSA register so that is no surprise. The site doesnt allow promotions and my username got changed when the board moved from YABB to VBB and doesnt reflect who I am, more the location. Thanks for pointing out the spelling mistake. That was a copy and paste of someone elses sig which I modified but never looked at the spelling that closely. Proof reading has never been my stong point.

Please feel free to point out the flaws. I am sure others will be interested to hear how you can claim against an out of business IFA on a policy commenced in 1986.