endowment time ran out now what

Yoshii

my three year time limit for compensation has passed .is it still possible to pursue the claim. to further compicate this thread the original selling company has been swallowed up by a larger firm
thanks any advice welcome

yoshii

dunstonh

Have you complained and been told it has run out or are you just assuming that it has?

Is the advising company a tied agent for the insurer (if so who) or an independent firm?

Yoshii

sorry for delay but just came bac from holiday.
i have checked with fscs and they have informed it was three years last november but then fscs said that some companies allow 1/2 year allowance.
no it was not tied and also it was an indie firm so it waas free to choose which endowment from which company.
the company has been swallowed up by a bigger companynow and the salesman who sold the endowment to me has since retired.


thanks Yoshii

dunstonh

If the adviser was a sole trader or partnership, he carries the liability into retirement. Doesnt matter if he isnt trading anymore.

If he was a limited company and the limited company has yet to close, then he still has to deal with the complaint. If it is closed, then the FSCS should review it.

Yoshii

thanks for your info dunstonh but would this matter if it is past the 3 year deadline?
yoshii

dunstonh

It is possible that it could get refused on that basis but that would depend on the insurance company involved and what warnings they have sent out.

You dont know if you dont try.

Yoshii

thanks i will get onto them and keep you posted on events
Yoshii