UK ENDOWMENT PROBLEM
COMPENSATION CLAIMS

If you have an endowment problem we deal with claims on a no win no fee basis and if the complaint is unsuccessful we will not make any charge to you. Our endowment compensation claims are completely risk free and you will not have to fund or pay for any expenses during the course of the claim. Our clients never pay any charges unless the claim is settled successfully. If you would like free advice on the telephone, without obligation, just complete the contact form.

We are a founding member of the Claims Standards Council which is independent from the claims industry and seeks to ensure that that its members deal with consumers on the basis of decency, probity and fairness by :-

• vetting individuals and organisations seeking membership
• compliance with a transparent, thorough, end-to-end process for handing claims
• operating independent complaints and discipline arrangements

The problem faced by potentially millions of policyholders was highlighted in a BBC press release at the beginning of 2004 the most salient points of which are outlined below :-

• The shortfall may amount to £30,000,000,000 (thirty billion pounds sterling)
• Approximately 11 million policies were sold to about six million households.
• Falling share prices in recent years means an increasing number of policy holders are now facing shortfalls.
• The UK's main financial watchdog, The Financial Services Authority (FSA) confirmed the figure of £30 billion shortfall to the Treasury Select Committee's inquiry.
• The committee quizzed the heads of the UK's biggest insurance companies about the current endowment problem, including the head of Prudential Insurance who told MPs that prompt action was needed and said "I very much regret any mis-selling that we have done." Also at the hearing were the heads of Aviva, Legal & General, Royal & Sun Alliance and Standard Life.
• The Financial Services Authority (FSA) said that if policyholders were concerned about the risk of not being able to pay off their entire mortgage with their existing policy, they should act now.
• The Financial Services Authority (FSA) assumes that 5.3 million policies could have an average shortfall of £5,500 each which upgraded their previous estimate that previously estimated up to 3.5 million households could be facing a shortfall of funds.
• Research by the Financial Services Consumer Panel indicates that at least half of these policies may have been mis-sold.
• MPs accused insurance companies present of not being "upfront" about informing their customers that they could lodge claims for mis-selling and they remarked that the number of complaints made so far were "staggeringly low".
• None of the insurance companies questioned had informed their customers about how to fix the problem by making a complaint within the text of shortfall warning letters.
• It emerged that over 80% of Royal & Sun Alliance customers have received red letter warnings and its policyholders were potentially having to fund an average shortfall of £7,000 each.

If you believe that you may have an endowment problem with a shortfall on your mortgage or if you have received a 'Red' warning letter, to fix the problem, you must act now. There are strict time limits for making application for compensation and if you exceed the time limit your chance of claiming compensation will be lost forever. We offer free initial advice without obligation and if after talking to us you decide to proceed no further you will not receive a bill for our initial advice. Do yourself justice and give us a call.