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Mis Bought Endowment
AdesSafe
Posts: 8 Forumite
about 20yrs ago we started an endowment, 10yrs later we had 25k in it but astill a long time to maturity, I was an engineer and left all financial decisions to my wife, as she worked in a bank...we were approached by a financial advisor who offered to find us a mortgage...we needed a deposit, he suggested we sell the endowment as he could get 15k for it.....we agreed (stupid I know) anyway we went through the process of moving, he comes back and says I cant get 15K for it, will you accept 7k.....reluctantly we agreed.....(are we stupid or what) anyway...recently Ive been thinking about this.....and thinking that I cant prove, that I didnt insist on the sale.....but........If I can show that at that time I could have (easily) got a better price....then Ive got him.....but am I out of time......
Ive spoken to other financial advisors about this and they say that guy is notorious in the industry for these sorts if rip offs.
how do I find out how much I COULD have sold or traded the policy for.....and perhaps more importantly, am I out of time....to pursue a case of
negligent advice,
it might also be interesting to see who bought or benefitted from the policy.....
Ive spoken to other financial advisors about this and they say that guy is notorious in the industry for these sorts if rip offs.
how do I find out how much I COULD have sold or traded the policy for.....and perhaps more importantly, am I out of time....to pursue a case of
negligent advice,
it might also be interesting to see who bought or benefitted from the policy.....
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