ppi Halifax around 1990

thomas1

Official MSE Insert:

If you've arrived from Google, our fully researched PPI Reclaim guide may be helpful.

Back to the original post...

I wonder if anyone has any information on the following ppi enquiry . i'll keep it brief . I went into a Halifax bank in 1990 to set up a standard life pension which I took up and transferred into , Whilst there the salesman took his opportunity to sell me redundancy , accident and sickness cover . This was separate to any other products I had . The pension i took out was a standard life pension .I am sure that the ppi product was not standard life so they are unlikly to help . I do not have any account number or certificate for the ppi , i do not have any old bank statements for the 3 years i paid it at £12 per month . I have been to the halifax but there statements only go back 6 years for current accounts .I can't recall the company that was the under writer . I WAS INTERESTED IN CLAIMING BUT WITH OUT A STARTING POINT I DONT KNOW WHERE TO GO . I WONDERED IF ANY OLD HALIFAX STAFF READING THIS WOULD RECALL WHO THE HALIFAX HAD TIES WITH FOR THE INDEPENDENT FINANCIAL ADVISERS working in the branch . hoping somebody out there can recall the company / product. thanks

[Deleted User]

PPI was not sold with pensions.

Regardless, this pre-dates the regulation of insurance sales by fifteen years-so even if you were to find the IFA/Underwriter of whatever kind of policy you are mistaking as PPI no one would have to consider your complaint.

With no account numbers, statements, or knowledge of what you actually bought I think you might as well forget this transaction from 24 years ago.

dunstonh

.I am sure that the ppi product was not standard life so they are unlikly to help .

I very much doubt standard life would have had a PPI product back then. It tended to be only issued by general insurance companies in that era and not life and pension companies.

I WAS INTERESTED IN CLAIMING BUT WITH OUT A STARTING POINT I DONT KNOW WHERE TO GO .

You complain to the Halifax. However, if they have no details and you have no details then you are dead in the water before you start.

I WONDERED IF ANY OLD HALIFAX STAFF READING THIS WOULD RECALL WHO THE HALIFAX HAD TIES WITH FOR THE INDEPENDENT FINANCIAL ADVISERS working in the branch .

Halifax have not employed IFAs. By definition, an IFA is whole of market. So, it could be anyone out there. Halifax were tied agents to std life for life assurance, pensions and investments for a period but General insurance products would likely have been someone else. It doesnt matter though as Halifax are who you complain to.

Are you sure it was a PPI and not perhaps a PHI policy? Financial advisers tend to prefer PHI over PPI.

thomas1

As i explained above it was the advisor in the Halifax who sold me the cover, it just happened the reason i was in branch was to buy a pension product . both were completely unrelated products . does anyone know any accident unemployment products sold buy the the Halifax in 1990. I recall it had to be paid for 6 to 12 months before it could be claimed on and the cover only lasted for 2 years from first claiming .

thomas1

HI DUNSTONH, what is a phi

[Deleted User]

thomas1 wrote: »

As i explained above it was the advisor in the Halifax who sold me the cover, it just happened the reason i was in branch was to buy a pension product . both were completely unrelated products .

Why are you continuing a dialogue about this? You have no details or documentation about this financial product you apparently bought 24 years ago. Without these, there is no way to progress any complaint. You say you've already approached Halifax and they have no records either.

Game over.

Edit;
Sending me unsolicited abusive personal messages doesn't change this, I'm afraid.:p

dunstonh

thomas1 wrote: »

HI DUNSTONH, what is a phi

PHI is permanent health insurance. It is a form of income protection generally favoured by financial advisers of PPI (or ASU as it would have been called back then). It suffers none of the issues that PPI has. Although there are not many advised PPI complaints in the system either (just 0.2% of PPI complaints at the FOS are adviser sales. Most of which get rejected. PPI is mostly seen as a failure of the non-advised distribution channel).

realistically, if Halifax have no details, you have no details and given the fact it was an advised sale and 24 years ago and a standalone monthly premium plan (that type tends to be higher quality and does not suffer front loading costs that loan PPI does) that does leave you with limited scope on this one. Your biggest problem is finding anything in relation to the policy. That is even before you have looked at reasons for complaint and what evidence you have to support your complaint reasons.