EMC advisory services question?

Transactionumber

Hello everyone I have had a phone call from these people saying that they are willing to try and get compensation for the miss selling of an endowment policy with profits took out with standard life in 1991 and sold in 2002 roughly?

Now the cost if they win some compensation is 41% including vat.:eek:

I am not to sure to go ahead as the cost seems to be a lot but my thought is it's money I would not of had?And all the hassle of doing it myself as it sounds difficult and complex as I got rid of all the paper work etc. I look forward to hearing from some one who could point me in the right direction on this matter:D Regards Leachy.

dunstonh

Endowment complaints are more or less finished now with over 3/4 of them time barred from complaint.

You have 3 years from first being notified of a high risk of a shortfall to make a complaint. Your situation is slightly different as you surrendered it 9 years ago.

And all the hassle of doing it myself as it sounds difficult and complex as I got rid of all the paper work etc.

Its not difficult or complex. If you feel you were mis-sold then you have to tell them why. You would have to do the same if you use an ambulance chaser. That is unless you plan to tell lies and put in a fraudulent complaint.

Who sold the policy? was it a standard life rep or an accountant, solicitor or IFA?

Transactionumber

Thanks for your response I was sold it with my mortgage with the halifax building society .

dunstonh

You would have to put the complaint into the Halifax then. What reasons would you state for being mis-sold?

You need to have a good reason to get round the time bar: (copied and pasted from FOS)

[FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1]It might be helpful if we first set out the starting point for the time limit rules. Our jurisdiction for considering a complaint is determined by the Dispute Resolution Rules (DISP Rules) laid down by the FSA in its Handbook. The time limits for referring a complaint to us are set out at DISP Rule 2.3.1. This states (at DISP Rule 2.3.1R(1)(c)) that:‘The Ombudsman cannot consider a complaint if the complainant refers it to the Financial Ombudsman Service …[/SIZE][/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1][/SIZE][/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=-1](c) more than six years after the event complained of or (if later) more than three years from the date on which he became aware (or ought reasonably to have become aware) that he had cause for complaint, unless he has referred the complaint to the firm or VJ participant or the Ombudsman within that period and has written acknowledgement or some other record of the complaint having been received.’[/SIZE][/FONT]

Transactionumber

Many thanks for your help.:beer:I think the best and simplest way would be for emc to do it many thanks again leachy.