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Mortgage Endowments Complaint, complaints, compensation, redress or whatever else you seek is only a click away.
New claims handling service HERE Have you claim sorted out by people who know what they are doing. Claims made against the following companies welcome: Abbey, Abbey Life, Abbey National Life, Aegon, ALICO, Allied Dunbar, Albany, Alba, Barclays, Britannia, Britannic, Clerical Medical, Commercial Union, Confederation, Cooperative (CIS), Eagle Star, Equitable, Friends Provident, General Portfolio, GAN, Guardian Royal Exchange, Halifax, HSBC, Legal & General, Midland, Nationwide, Norwich Union, Prudential, Refuge, Royal, Standard Life, Scottish Amicable, Scottish Equitable, Scottish Life, Scottish Mutual, Scottish Provident, Scottish Widows, Sun Alliance, Sun Life, Windsor Life, Winterthur. No IFA clients please! We go after the manufacturers only. If you feel you have been let down by another claims handler they can be sued for negligence. If you want to use a standard endowment complaint letter beware! There are no templates here but we can help with a proper letter of complaint. Endowments - The Facts HERE. Letter to Merricks HERE Treasury/FSA interference is costing the UK £BILLIONS. There is Equitable HERE, HERE, HERE and HERE, it is a fact that IFAs were warned off advising policyholders to get out early on and this cost them dearly, in fact IFAs were warning everyone about Equitable many years before the regulators even woke up!! THEN we add the fuss about pensions and FSAVCs based upon the ridiculous assumption that occupational pension schemes offer benefits that are in some way guaranteed. Then we add the barmy LAUTRO 'Assumed expenses' fiasco where millions of policies were misrepresented yet the regulator refuses to do anything about it! ENDOWMENT SHORTFALLS, WHERE ARE THEY?: A Scottish Amicable (now Prudential) policy was projecting a shortfall right up to the maturity date despite the fact that the annual bonus statement showed a GUARANTEED minimum payment in excess of the mortgage amount of £15,000, it matured at over £23,000!!! See the documents HERE and see the IFA's comments HERE, and there's MORE.. see a Guardian maturity HERE. Where are the ACTUAL shortfalls? If they relate to policies sold between April 1988 and January 1995 the regulator is responsible. Tell the Treasury Select Committee, the Consumers' Association (How many consumers DO they represent?), the FSA, The FOS, the FSCS and the darlings in media. NEW Standard Life 16 year mortgage endowment maturity, reprojection letter was misleading customer and this policy was VERY SHORT term but it matured with a surplus, the vast majority are 25 year term and do much better. Another policy with a target of £16,500 is expected to mature at £25,144. Little Bonus Cheer over endowment bonuses? The IFA Defence Union shows that endowments are maturing with surpluses. Complainants are receiving compensation when there is no ACTUAL loss and in many cases they are in pocket twice over. Standard letter of complaint to FSA regarding endowments and other with profit policies HERE http://www.ftadviser.com/fta/fa/features.ez?REF=11482 Standard Life "The Mortgage Endowment Promise" So much for that 'Promise' in 'The Mortgage Endowment Promise', raising policyholder expectations and dashing them against the walls of ineptitude? What is the definition of a 'Promise' and what is the perception of such a 'Promise' by the 'Promisee'? Yes, I know the FSA are playing silly beggars with 'realistic' accounting and ruining my own pension plan (I'm thinking of lodging a claim) but who was the fool who thought such a promise was workable in the first place?? Standard Life "Endowment Mortgages v Capital Repayment Mortgages" Sample WP Endowment valuation from Brian Foster Download actual Word .doc of above valuation Not all endowments are bad, not every one shows a shortfall. There are some bad apples but they were obviously priced to sell when competition was fierce. There are many examples of:
Recent feedback from IFAs:
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