Report Endowment Misselling Compensation SUCCESSES

mayb_2

Great news well done. I claimed from the Guardian group and had a similar experience in that they paid out compensation without any problems. It didn't pay off our mortgage, and we are still struggling with that one, but at least we were spared some of the nasty side of trying to make some companies accept their obligations. For that reason I congratulate the Guardian too.

Beate

I have a success to report, yay! It took forever, but in the end the OH got a letter offerering £2,671.55 compensation for a mis-sold endowment policy, after the Financial Ombudsman got involved. We are waiting for the cheque now. So pleased I told him to do it.

mayb_2

I'm loving it loving it! Well done; good news and great encouragement for people who haven't gone there yet.

mondy_2

I am trying to look into the fact that we believe that my wife was mis-sold an endowment in 1998 but surprise surprise the company (Mortgage Advisory Centre Ltd) has gone into liquidation so we have to claim compensation from the FSCS.
I am finding their forms very complicated and we have a lack of paperwork to prove that we were made claims of extra lump sums via endowments with no mention of the risk of shortfalls so not sure if it is worthwhile sending in the claim.
Has anyone been successful in claiming via the FSCS and what details should we give?
Any advice would be appreciated.

ziggy1

My husband and I are in a similar situation where the company County Financial Planners have ceased trading and we are in the process of filling in the dreadful form from FSCS. Not sure how it will all pan out.....fingers crossed.

terry_and_sue

miss sold endowment policys
allied dunbar (zuric)
i recieved £9680
verry nice thanks martin
mortgage exit fee
kent reliance building society
i recieved £ 75
thanks again
unfortunatly i have not been overdrawn so no more claming yet untill martin comes up with something else

jollyseller

miss sold endowment policy (M. Dobson Garforth)
~Received £1600~
We did not expect to get anything, we had no paper work just had to prove that we do not take a risk with money.

Very pleased with the outcome if its not too late claim.:T

mayb_2

Congratulations Terry and Sue and jollyseller - it is nice to know this, as it encourages others to take the plunge.

Retired_I.F.A.

jollyseller wrote: »

miss sold endowment policy (M. Dobson Garforth)
~Received £1600~
We did not expect to get anything, we had no paper work just had to prove that we do not take a risk with money.

Very pleased with the outcome if its not too late claim.:T

How can you prove you do not take a risk with money? Dont you mean the fund in which it was invested was a riskier one than one that you now claim suited you?

mayb_2

Retired IFA you prove that you do not take a risk with money by not ever taking a risk with money. This often takes the form of seeking advice from your visiting insurance rep who you have known for years, doing what your parents did before you and worked for them, visiting an IFA who you believe you can trust and wouldn't forget to tell you about the risk. That sort of thing.