UK ENDOWMENT POLICY MIS SELLING

We deal with endowment policy mis selling 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

Many of the endowment policies which were sold in the UK in the 80s and 90s were sold using techniques which broke the rules of the financial regulator. Most of the problems arose because this type of financial investment was not guaranteed to pay the target fund when it matured and this lack of guarantee made the product inadvisable for the millions of people who were sold it the majority of whom were not advised that a prolonged downturn in stock markets would drastically affect their financial returns. Unexpected economic changes mean that most current insurance products are destined to fail to produce sufficient funds to pay off the mortgage that they are attached to. As a result millions of homeowners will be left with a shortfall when they have to repay their mortgage.

If the advice the claimant was given at the time they purchased was insufficient or misleading, they are legally entitled to claim compensation however the system is all too often failing to help people reclaim their losses. This failure is partly because it is up to the claimant to prove their case and there is a substantial advantage to those who take professional advice. Some insurance actuaries specialise in these claims and these professionals are qualified to assess cases and inform potential claimants if they have a strong case for compensation. It is important to speak to an actuary who is experienced in this particular area of the law as managing this type of claim involves complex financial matters. We can make an initial assessment of your claim over the phone. If we find your claim to be eligible we can help you through every step of the endowment policy mis selling claims process to win back your financial security and your peace of mind.

The Financial Services Authority has now put measures in place to protect people from these financial shortfalls and anyone who can prove that the rules of the regulator have been broken can claim. These people have a legal entitlement to compensation. The company who advised the claimant when they purchased the policy is obliged to reimburse the victim with enough funds to allow them to switch to the same stage of a regular repayment mortgage.