Nationwide pulling up on misselling claims

Milarky

NATIONWIDE TO RELY ON TIME BARS SET BY ENDOWMENT PROVIDERS

Nationwide Building Society will start to rely on time bar dates set by insurance companies in red reprojection letters from 8 May 2006. This will only affect complaints made for the first time after 8 May
http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=825

There was an interesting article in Guardian Money, though, explaining that the law on which time-barring relies may be challengable in some cases:


Endowment court victory renews hope for compensation claims
[FONT=arial,helvetica,sans-serif]A ground-breaking ruling may open the way for policyholders who have missed the complaints deadline[/FONT]
http://money.guardian.co.uk/endowments/story/0,,1765657,00.html

dunstonh

http://forums.moneysavingexpert.com/showthread.html?t=190911 - existing thread on court case (just to avoid any duplication of information).