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Endowment complaint - is it too late to appeal to the Ombudsman?
presto1
Posts: 1 Newbie
My girlfriend (now wife) and I took out an endowment (100% managed fund -unit linked ) with the MI Group (now Sanlam) on 2/11/1990 which is due to mature on 2/11/2015 to cover our first mortgage of £45,450 for a premium of £65 /m. As at 15/5/15 their value is £26,785. We complained to the MI Group in Aug 2005, received a letter on 2/11/15 upholding our complaint "based on the information received to date" and a final letter 4/11/05 NOT upholding the complaint stating policy was suitable and due to the fact I was a financial adviser with CIS Ltd "since at least December 2001". I was a student on a year out when the mortgage was taken out (Quantity Surveying) and started with CIS in Nov 1995. I left the industry in 2009.
Thanks in anticipation
Thanks in anticipation
0
Comments
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14 years in the industry and month 295 of 300 on the policy term.
It does not look likely - does it?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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