how do i know my endowment mis-sell claim is out of date?

de1amo

My endowment goes back to wild west days of 1986 and i always believed i was unable to make a mis-selling claim-but through this site i might have a valid claim but i dont know if i am out of date?
i had my first red notice in about 2005/6 and the policy has only 17 months to run-its late in the day i know!!-

dunstonh

First thing is that 1986 means that if you bought through a solicitor, accountant or what are now IFAs, then you are pre-regulation and they wont consider your complaint.

If you bought from a tied representative of the insurance company (i.e. insurance agent) then they will usually voluntarily look at the complaint based on the rules and regs that were in place at the time.

Thats the first hurdle, the next hurdle is the time bar for complaint.

You have 3 years from first being notified of a high risk of shortfall. Some also use a red/amber/green system and its three years from being first notified of being red.

You insurance company will be able to tell you if you are timebarred. Over three quarters of endowments are timebarred from complaint at present.