The Endowment Diary

The Endowment Diary


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

Monday, October 04, 2004

What is The Worst Criminal Act? Car Theft, or Mis-selling an Endowment Policy?

An interesting report is due to be published later this month by the Crime and Society Foundation, a new criminal justice think-tank.

The report claims that official crime statistics are not a reliable indicator of the true level of offences.

One section of the report refers to the damage done to society as a whole, by the mis-selling of endowment mortgages. Quote:

"A prolific car thief might blight the lives of tens of hundreds of people. The mis-selling of endowment policies has blighted the lives of many thousands...".

As many of us have long suspected, despite what the FSA and life assurance companies pretend, the mis-selling of endowment policies was bordering on the criminal.

Are we likely to see any arrests?

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