The Treasury Select Committee have reported that Britain's financial services industry is failing the consumer; ie that it is "crap".
Those of us holding underperforming endowment policies didn't need the Committee to tell us that, we knew that already!
I have today launched an electronic petition; pointing out that endowments were sold like TV's and cars, not investments. In view of this, it is my belief that issues regarding the mis-selling and underperformance of these policies should come under the remit of consumer legislation not the FSA.
If you would like to view, and sign the petition, please visit Compensation for Endowment Mis-selling.
Spread the word!