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    • ceewash
    • By ceewash 5th Jan 18, 2:35 PM
    • 940Posts
    • 186Thanks
    ceewash
    Standard Life endowment misselling?
    • #1
    • 5th Jan 18, 2:35 PM
    Standard Life endowment misselling? 5th Jan 18 at 2:35 PM
    I had a Standard life endowment policy taken out in 1987 as part of my mortgage. I sold the policy when it was clear that it wasn't going to cover our mortgage, or give us a lump sum as promised.
    I recently received a call from a company called Evergreen Law who want to make the claim for us. They seemed to know a bit already about our situation. Should we let them do it? I always thought it was too long ago to claim? Anyone else heard of this company? I know they will obviously take their cut. I have a lot of the original paperwork.
Page 1
    • dunstonh
    • By dunstonh 5th Jan 18, 4:20 PM
    • 92,999 Posts
    • 60,380 Thanks
    dunstonh
    • #2
    • 5th Jan 18, 4:20 PM
    • #2
    • 5th Jan 18, 4:20 PM
    They seemed to know a bit already about our situation.
    They shouldnt do as your data is not in the public domain. So, either they were making it up (some are clever at wording to get you to release info in conversation without realising you are doing it) or they hold data on you unlawfully.

    I always thought it was too long ago to claim?
    It is. Multiple issues here
    1 - regulation started April 1988. You bought in 1987 - so before regulation.
    2 - you have 6 years from commencement or 3 years from being reasonably aware of an issue to raise a complaint. Both rules need to be satisfied together. It is more than 6 years ago from purchase and its more then 3 years from when you sold it. So, it can be timebarred from complaining even it is was post regulation.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • ceewash
    • By ceewash 7th Jan 18, 8:49 AM
    • 940 Posts
    • 186 Thanks
    ceewash
    • #3
    • 7th Jan 18, 8:49 AM
    • #3
    • 7th Jan 18, 8:49 AM
    Yes this is what I always thought. Why would this company be interested in taking the case then?
    • Moneyineptitude
    • By Moneyineptitude 7th Jan 18, 9:17 AM
    • 20,424 Posts
    • 11,322 Thanks
    Moneyineptitude
    • #4
    • 7th Jan 18, 9:17 AM
    • #4
    • 7th Jan 18, 9:17 AM
    Why would this company be interested in taking the case then?
    Originally posted by ceewash
    You are reading too much into it.

    This company just want to sign you up as a potential cash cow.

    They can't know in advance that you are somehow a cast iron certainty for redress.

    If you are going to complain , do it alone-but expect nothing and you won't be disappointed
    • dunstonh
    • By dunstonh 7th Jan 18, 12:59 PM
    • 92,999 Posts
    • 60,380 Thanks
    dunstonh
    • #5
    • 7th Jan 18, 12:59 PM
    • #5
    • 7th Jan 18, 12:59 PM
    Yes this is what I always thought. Why would this company be interested in taking the case then?
    Originally posted by ceewash
    The telephone caller is a salesperson with targets to get people signed up. They operate in a really heavy sales environment where the winner for the week gets rewards the worst gets forfeits and consistently bad get sacked.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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