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Old endownment

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Hi all, I'm new to this so hi, I've recently been successfully with sorting my own PPIs but I remember when I brought my first house in 1993 the financial advisor sold us an endownement policy. My husband can remember us getting a letter a number of years later saying it was worth nothing and so we changed our mortgage and cancelled the policy without getting anything back. I have no paperwork at all, is it worth contacting anyone about it to see if I can reclaim? Thanks

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  • dunstonh
    dunstonh Posts: 119,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I have no paperwork at all, is it worth contacting anyone about it to see if I can reclaim?

    You have 6 years from commencement or 3 years from being reasonably aware of a problem to make a complaint before you can be timebarred from complaint. (whichever is the longer, which is usually the three years rule)

    So, if you surrendered and switched to repayment basis more than 3 years ago then you can be timebarred.
    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.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Reclaim what?
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
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