Selling Endowment - Integrity

histon_iain

I am about to sell my Royal & Sun Alliance endowment policy through FastTeps to a company called Integrity (based in Waterlooville, Hampshire).

Has anyone heard of Integrity?

dunstonh

There are 18 companies with "integrity" in their name on the FSA register. The register shows the postcodes of the company rather than the full address (you can get full address by clicking on each one but with 18, i dont have time to do that).

Have they confirmed that they will take the Phoenix life endowment?

EdInvestor

We've come across these people before:


http://forums.moneysavingexpert.com/showthread.html?t=74166&goto=nextnewest


http://forums.moneysavingexpert.com/showthread.html?t=87896

dunstonh

Good memory Ed.

histon_iain

Thanks. Integrity Financial Solutions Ltd are on the FSA list, (postcode PO8 8TD).
They have sent me a contract to buy my endowment, except they have put 'Sun Alliance ' on the contract note and multiplied the bonuses to date by 100.
When I first contacted Fastteps I stated it was a Sun Alliance Phoenix policy (there being no option for Royal & Sun Alliance).
I haven't sent the contract off yet, I am at the stage of wondering if the extra cash is worth the wait - they say 8 weeks - and also wondering about the integrity of Integrity, and whether any one else has experience of them.

Froggitt

If you want a competitive quote to verify their integrity, I can recommend Bruce at http://www.investplease.co.uk

histon_iain

Integrity made a mistake - I thought it was too good to be true that they were offering over 25% more than the surrender value( of about £10K), when no one else would touch it. It seems they left out the decimal point in the bonuses figure. Rather than £1390.62 of bonuses, they thought it had £139,062 of bonuses. Would I be trying to sell it if that were true - after all it was only designed to reach £49K in its 18 year life.

I am posting this to warn people to check thoroughly contract and figures before signing anything. This mistake of theirs has messed me around and wasted time, but not as much time as would have been wasted if I'd signed the contract and sent it off.