Endowment Miss-selling

IanDunn_2

Has anyone any experience of getting miss-selling compensation where the seller has gone abroad. My wife bought an endowment (Standard Life Policy) in 1989. The sole trader who sold it has gone to Hong Kong and is untraceable. We cannot get compensation from the government scheme because he hasn't actually gone bankrupt. The excuse offered is that there is no proof he " cannot pay" therefore we are not eligible.

I must say the Governement's excuse for not paying is against the " spirit" of the compensation scheme.