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how to claim for missold endowment policy?

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  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    julieworcs wrote: »
    thanks for all the posts - it started in July 88 to answer one of the questions raised, and I'm going to write to Phoenix to make a complaint as it was sold by an employee of Royal Life back then. Odds are very low about it making a difference but it will make me feel better.


    Why do you think it was bad. Odds are that the combined endowment and mortgage still produced better results than a repayment on its own, due to the tax benefits of endowments back then even if the endowment didnt pay out what it [STRIKE]promised[/STRIKE] was suggested at the time. So feeling bad is likely misplaced.
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