ENDOWMENT MORTGAGE COMPLAINTShould you need to contact the authority responsible for regulating the financial industry and for determining the rules and regulations that relate to making an endowment mortgage complaint you should write to :- The Financial Services Authority The Financial Services Authority requires all insurance companies to keep their customers up to date and informed using ‘re-projection letters’. Insurance companies must write to their client at least once every two years regarding the status of their individual fund. This letter will include details of the anticipated or predicted value of the fund. A ‘red letter’ will indicate that the fund is not on target and is at risk of shortfall. An amber letter means that the fund is on target but that there may be potential problems in the future. A green letter shows that the fund is on track. If you receive a red letter it is vital that you seek professional independent advice as soon as possible. A red letter means that you can make an endowment mortgage complaint to claim compensation provided that there is evidence of mis selling. The FSA rules impose a time limit of three years for making a claim after receipt of the first red latter. Most insurance companies will not settle a claim if it falls outside of the time limits. On June 1st 2004 a new regulation was introduced that required insurance companies to inform their policy holders exactly how long they have to make an endowment mortgage complaint before the potential claim becomes time barred. There must usually be at least six months between the warning and the deadline date. If an initial approach for compensation to the seller of the policy fails then an application for reconsideration of your claim can be made to :- The Financial Ombudsman Service We offer no win no fee advice on compensation claims. If you are one of these unfortunate people who were mis-sold, you may be entitled to compensation and you should contact us now. You only have one opportunity to make a claim. If you get it wrong you may lose your chance for compensation. Why not get expert support to greatly improve your chances of securing the maximum compensation you deserve? We call upon experienced lawyers, accountants and actuaries to assist our claims team and can advise at an early stage on the prospects of recovery of compensation. If you would like free advice on our no win no fee compensation scheme just complete and send the contact form or call the helpline and an experienced financial claims adviser will discuss your potential claim at no cost and with no further obligation. HELPLINE 01743 295195 |