The Endowment Diary

The Endowment Diary


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

Wednesday, January 21, 2004

I received a letter from the company that is handling my claims for endowment mis-selling, in respect of my endowment policy taken out in 1987.

They state that they beleive that I "have a good case for receiving endowment mortgage compensation".

If this is true, then it will be a watershed for people who are facing shortfalls on policies taken out pre April 1988.

The endowment companies have been hiding behind the legislation that only came into effect at that date; stating that pre April 1988, the rules for mis-selling do not apply.

The letter included a form for me to complete (I am an expert at these!), which enables me to provide them with more details about the policy.

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