We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Endowment compensation?

I took out an endowment policy with my mortgage in 1998.
I sent a letter to the company that sold me the policy in January 2004 regarding the mis-selling of the policy and the shortfall that was expected at the end of the term.
I received a reply back within about a week to say I wasn't mis-sold the policy and I wouldn't be entitled to any form of compensation.
Then only 2 months ago (2 years later) I received a letter from the same company stating there was a flaw in the way my compliant was handled and if I wished I should contact the financial ombudsman.
I have done this and they are looking at my compliant, since then I have received within the last week a letter from a solicitors to say the finanicial company that sold me the policy have a wounding up order against them.

Would anyone know if I stand any chance of getting some form of compensation and why the company concerned sent me a letter 2 years after my compliant was closed?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.