The Endowment Diary

The Endowment Diary


The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Tuesday, June 03, 2003

Extract of emails sent and received today to/from a site visitor:

Sorry to hear about your compensation, but at least you have more than I have got so far!

The method that is meant to be used, as I understand it, is that the ombudsman or life assurance company compare your situation if you had taken out a repayment mortgage to the endowment; then the difference, if in your favour, is the compensation.

I have heard of more than £200. The case that springs to mind is mentioned in my letter posted 2 June (to The Endowment Diary) where Lord Denning was quoted; I believe (but you will need to check with The Times) the claimant got around £3K.

As with anything to do with money please take independant legal and financial advice before making any decision.

Please keep visiting the site, and keep in touch.

Best regards,


Dear Ken,
I too am in the process of trying to get some redress into being missold endowment policy, how stupid was I on a repayment mortgage to be sold an endowment? A blatant case of misselling. Anyway, I am in the final stages of negotiations with the Ombudsman & have been offered a payment of £200 for 'distress & inconvenience'. No mention of compensation. Have been now worn down with it all, have you heard of any awards being made greater than this? My original claim was for £20,000! Ha ha..."

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