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endowment mis-selling
geoff1963_2
Posts: 1 Newbie
i started an endowment policy with prudential in 1988. prudential tell me that
i signed a proposal form on 22 june 1988 which is just before the date for endowment complaints. The firm that sold me the policy is no longer
in business. Any ideas
i signed a proposal form on 22 june 1988 which is just before the date for endowment complaints. The firm that sold me the policy is no longer
in business. Any ideas
0
Comments
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Whilst FOS protection came in on the 29th April 1988, the Financial Services Compensation Scheme didnt start until 29th Auguest 1988. So Prudential are correct.
Its end of the road.
On the upside, Pru policies are very good and in 2005, all maturities hit target and paid an average surplus of £2200. In 2006, all paid surplus with an average of £3300.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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