Endowment Policies

evanowen

dunstonh wrote: »

Shortfall in itself is not grounds for complaint. Complaints about returns (or lack of) do not need to be answered.

I don't agree.

evanowen

dunstonh wrote: »

It will be. Endowment mortgages were typically cheaper than repayment mortgages. It was one of the most common reasons people took the endowment mortgage despite the investment risk.

This is not the case.

dunstonh

I don't agree.

Doesnt matter if you dont. The FSA do not allow it.

This is not the case.

yes it was typically.

opinions4u

evanowen wrote: »

I don't agree.

Poor investment performance is not grounds for complaint.

Being told the investment performance is guaranteed is.

evanowen wrote: »

This is not the case.

For my sins, I sold a large number of low cost with profits endowment mortgages in the late eighties and early nineties. They were nearly always cheaper when compared to a repayment mortgage with decreasing term assurance.

The low cost endowment route tended to be more expensive when the term was short or the borrower was over 50. These groups probably accounted for less than 10% of my business.

evanowen

opinions4u wrote: »

Poor investment performance is not grounds for complaint.

Being told the investment performance is guaranteed is.


For my sins, I sold a large number of low cost with profits endowment mortgages in the late eighties and early nineties. They were nearly always cheaper when compared to a repayment mortgage with decreasing term assurance.

The low cost endowment route tended to be more expensive when the term was short or the borrower was over 50. These groups probably accounted for less than 10% of my business.

I sold a load of them too but they were still crap because I now know they would never do what it said on the tin, or as the law would say they 'would not meet legitimate policyholder expectation' thanks to the life offices and 'promises promises' and the regulators (Mark Weinberg) and his LAUTRO assumed expenses. The cost was never a reason to sell them.

evanowen

dunstonh wrote: »

Doesnt matter if you dont. The FSA do not allow it.



yes it was typically.

You are being so defensive.

opinions4u

evanowen wrote: »

You are being so defensive.

It looked more like a statement of fact than defensiveness.

evanowen

opinions4u wrote: »

It looked more like a statement of fact than defensiveness.

That depends on your point of view, does it not?

McKneff

Froggitt wrote: »

I am agreeing with you. 100%.

It appears I am not allowed to comment on the post you replied to, or express an opinion on how much notice anyone should take of anything that poster says.

You are allowed to comment on any post you like. You can express an opinion on any post you like.

You are not supposed to swear or call anyone nasty names which is why a couple of your posts have been deleted.

Its not normally like you, so dont really understand what was up with you last night.

opinions4u

evanowen wrote: »

That depends on your point of view, does it not?

So why not elaborate on what your point of view actually is?