The Endowment Diary

The Endowment Diary


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

Friday, May 14, 2004

I see that the rules relating to compensation payments for mis-selling, may be adjusted by the end of this year.

The new rules will cover consumers who have lost money, because they have been mis-sold a product such as an endowment policy, or have been given poor financial advice.

The scheme will replace the voluntary arrangement currently practiced by brokers et al, and will come into force from October 2004.

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