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Unexpected windfall
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TELLIT01
Posts: 17,951 Forumite
Apologies if this has been raised before.
I've just received a letter from Lloyds Bank. I was the administrator for my brother's estate when he died back in 2012. The letter states that there are concerns that poor advice may have been given when he took out a life policy. As a result, all payments are being refunded plus interest.
No request was made to Lloyds to investigate the policy which lapsed in 2010, so I'm assuming they must be checking all policies like this.
I've just received a letter from Lloyds Bank. I was the administrator for my brother's estate when he died back in 2012. The letter states that there are concerns that poor advice may have been given when he took out a life policy. As a result, all payments are being refunded plus interest.
No request was made to Lloyds to investigate the policy which lapsed in 2010, so I'm assuming they must be checking all policies like this.
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so I'm assuming they must be checking all policies like this.
They are required to go back and check cases that meet a criteria.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.0
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