UK ENDOWMENT SHORTFALL
SOLICITORS SALES
We are a specialist company that provides advice and representation in endowment shortfall compensation claims. We use the no win no fee scheme to ensure that there is no risk and we guarantee that there are no expenses to pay as the claim proceeds. If the endowment complaint is unsuccessful we will not make any charge whatsoever. We do not use solicitors to deal with your endowment compensation claim, as we believe that they are not best qualified to settle claims involving financial issues revolving around an insurance policy. Our clients never pay any charges unless the claim is settled successfully. We offer the opportunity to discuss endowment claims with an expert at no charge and with no further obligation, and if you decide to proceed no further then we will not charge you for the advice. If you would like to take advantage of our experts just complete the contact form and a specialist will phone you as soon as possible.
Sales by solicitors for policies bought after the 30th of November 2001 are in the same category as sales by other financial advisers and The Financial Ombudsman Service has authority to determine claims if the solicitor refuses compensation or if the amount of compensation cannot be agreed following an admission of miss selling by the solicitors firm :-
For sales made before the 30th of November 2001 by solicitors or by financial advisors employed by solicitors then the rules are very different as liability to determine a contested matter falls upon the Law Society for the relevant jurisdiction. There are different Law Societies for England and Wales, Scotland and Northern Ireland as technically each country is a different legal jurisdiction. If the sale was before the 30th of November 2001 then a formal complaint letter should be sent to the firm of solicitors and if they either refuse the claim or the amount of compensation cannot be agreed then an approach should be made to the relevant law society which have limited powers to order compensation even when endowment policy complaints are valid. The contact details of the three law societies are outlined below :-
The Law Society of Scotland
26 Drumsheugh Gardens
Edinburgh
EH3 7YR
Telephone: 0131 226 7411
The Law Society of Northern Ireland,
Law Society House,
98 Victoria Street,
Belfast
BT1 3JZ,
Telephone: 028 90 231614
The Law Society of England and Wales
113 Chancery Lane
London
WC2A 1PL
Telephone: 020 7242 1222
In all cases the limitation period applies and application should be made for endowment shortfall compensation within three years of receipt of a red warning letter. If you have received an amber letter you should keep a close eye on the situation and ensure that you make enquiries after two years if you have not received a subsequent letter which may be red and require urgent action.
If you believe that your adviser or insurance company is not abiding by the current regulations in regards to audits and client care then a report should be sent to :-
The Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London
E14 5HS
Tel: 020 7066 1000
