- There are over 10 MILLION endowment policies in the UK and it is believed that more than half of those policies may have been subject to misselling and the policy holders are entitled to make a claim for endowment compensation because of bad or unbalanced advice at the time of the policy sale.
- It is believed that up to 90% of those endowments will not reach their projected financial target by the time that they reach maturity.
- The average 25 year plan has a shortfall of between 25% and 50%.
- Policy shortfalls are believed to be anything from £500 - £50,000.
- Some 60% of effected policyholders are yet to make a claim.
As you can see, missold endowments is a big problem and one that the consumers involved should not ignore. If you took your endowment as a repayment vehicle for your interest only mortgage, then an under performing policy will mean that you are facing a mortgage shortfall when it comes to repaying the capital borrowed.
The claims process in complicated and the policy providers are bogged down with claims, so much so that they are making a mess of things. The Financial Services Authority has had to step in with quite a few big life assurance companies to deal with the way that they have handled the claims for past mortgage ENDOWMENT MISSELLING. Some companies have been fined for poor practices when dealing with compensation claims.
So if you need help with your endowment misselling claim, our mis sold endowment claims advisors are on hand to look at your policies and provide advice and information about making a compensation claim.
Don't ignore the problem, If you believe that you are suffering a missold endowment policy, Simply complete our online enquiry form, which takes just a couple of minutes and help will be at hand!
Fill in our Online form here
We'll take you through the claims process and providing that you are eligible and if you choose to go ahead, we'll do the rest for you!
Don't delay making your endowment misselling claim - Claim Today!
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Can we still make a with-profits endowment mis-selling claim? Q We took out a with-profits endowment policy We didn't make a claim for mis-selling