Watch Out on Maturing Endowments

Thrifty-saver

Having recently had an endowment mature after 25years,I was surprised to find that although maturity date was 1st of month, cheque was not to be issued until the 12th. I phoned Insurance company concerned & asked about 12 days loss of interest. Met a brick wall! Told then have hundreds of policies maturing everyday & can't get cheques out all at once. Perhaps some poor soul has to still write them all by hand. After considering my next step, I wrote a good old fashioned letter of complaint & requested my 12 days interest which they had earned with their delay. Still no joy apart from a reply saying they were sorry I wasn't happy after saving with them for so long. My next step was yet another letter, threatening to inform the FSA & Money Mail in the Daily Mail and also Watchdog.
Surprise, surprise. I then get a letter with a cheque for £96.00 for 12 days loss of interest. Can't find anyway else I could earn £8.00 a day interest.

The moral of this is "Don't give up" after all it is your money they have...