UK MIS SOLD ENDOWMENT CLAIMS

Solicitors sometimes employ financial advisers to give advice on insurance policies. If you were the victim of a mis sold endowment policy by a solicitor after 30 November 2001 then the Financial Ombudsman Service has jurisdiction and can deal with an endowment compensation claim.

For any policies sold by solicitor agents prior to that time then the regulations of the law societies for England and Wales, Scotland and Northern Ireland apply. If your complaint or claim for compensation is refused by the solicitors firm that gave the advice then an approach should be made to the relevant law society which has limited powers to order compensation even if your complaint is upheld.

The Law Society of England and Wales
113 Chancery Lane
London
WC2A 1PL
England
United Kingdom
Telephone: +44 (0) 20 7242 1222

The Law Society of Scotland
26 Drumsheugh Gardens
Edinburgh
Scotland
EH3 7YR
United Kingdom
Telephone: +44 (0) 131 226 7411

The Law Society of Northern Ireland,
Law Society House,
98 Victoria Street,
Belfast
BT1 3JZ,
Northern Ireland
United Kingdom
Telephone: +44 (0)28 90 231614

Compensation is calculated by comparing the paid interest, as well as the premiums and current surrender value of your endowment policy, with the capital repayments and mortgage interest the claimant could have paid on an alternative repayment mortgage and how much of that capital could have been paid off the mortgage. If your policy has grown to be worth more than the capital you would have paid off with an equivalent repayment mortgage and you have received no negative financial affects then you will not be eligible for compensation.

Half a million people have been compensated so far and there are millions more people who suffer from the consequences and shortfalls of the plan that are yet to make a claim for compensation. We will give guidance and advice on what steps can be taken to recover financial losses no charge.

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

We deal with mis sold endowment claims on a no win no fees 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 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.