Trust compensation 30 March 2018 at 3:11PM in Reclaiming mortgage fees, council tax, etc 1 reply 1.4K views

spikey54

In 1985 I received a payment of £5k from a trust which had been administered by a bank trust company. In 2015 the company wrote to me advising that I had been "disadvantaged as a life tenant and a remainder man of the trust" and as such I was entitled to compensation. According to them the fees for acting as trustee from 1966 to 1985 were calculated using the wrong fee scales. They then paid me a further £1700 which they advised was the income and capital compensation due as a result of this error. While I was very happy to receive the £1700 I have no idea whether or not it was reasonable compensation or if I should have challenged it? Hoping for some guidance if anyone has knowledge in this area.
Thanks

Nasqueron

Do you have any facts or figures or records showing you are due more? If not, enjoy the bonus money, it'll have been calculated along some sort of official guidelines