We deal with endowment mortgage claims on a no win no fee basis and if the complaint is unsuccessful we will not make any charge to you. Our claims are completely risk free and you will not have to fund or pay for any expenses during the course of the endowment compensation claim. Our clients never pay any charges unless the claim is settled successfully. If you would like free financial 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
If the complaint to the bank or insurance
company is upheld at the initial stage then our charges are 20% of the compensation
offered and that figure does include VAT. If the complaint is not upheld then you pay
nothing.
If following a refusal by the bank or insurance company the case has to be referred for further
consideration to the Financial Ombudsman Service (FOS) then our charges are still 20%
of the compensation ordered and that figure does include VAT. If the application fails
then you pay nothing. We do not charge anything extra for making an application to FOS
The Financial Services Authority (FSA)
is an independent non-governmental body, given
statutory powers by the Financial Services and Markets Act 2000 that regulates the
financial services industry in the UK.
The main aims of the FSA are as follows
- maintaining confidence in the UK financial system
- promoting public understanding of the financial system
- securing the right degree of protection for consumers
- helping to reduce financial crime
The FSA controls endowment mortgage claims and achieves good regulation by:
- ensuring that resources are used in the most economic and efficient way
considering the responsibilities of those who manage the affairs of authorised persons
- being proportionate in imposing burdens or restrictions on the industry
facilitating innovation
- taking into account the international character of financial services and the UK's
competitive position
- not impeding or distorting competition unnecessarily
The Financial Ombudsman Service (FOS)
provides consumers with a free, independent service
for resolving endowment mortgage claims with financial firms. The service which is not a government body
receives no government funding and is free to consumers, is paid for by a levy on
financial firms which varies from £100 a year for a small firm of financial advisers
to £300,000 for a high street bank or large insurance company. The Financial
Ombudsman Service (FOS) operates under criteria which guarantees independence from those
whom they have the power to investigate; effectiveness; fairness and public
accountability.
The Financial Services Compensation Scheme (FSCS)
which became operational on 1 December 2001 covers business conducted by firms authorised by the Financial Services Authority (FSA) and, in certain circumstances, will pay compensation for a mis-sold policy if the company concerned is unable, or likely to be unable to pay, usually as a result of insolvency. The fund is financed by a compulsory levy on certain industry stakeholders and is the UK's statutory fund of last resort for customers of authorised financial services firms.
