The Endowment Diary

The Endowment Diary

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

Tuesday, May 03, 2005

Lazy Claims

Lazy Claims

Prudential, one of the UK's biggest sellers of endowment policies, is to refuse to pay "claims handlers".

These companies, which are unregulated, take on customers' mis-selling claims in return for up to 50% of the compensation payouts.

The market for claims handlers has grown rapidly over the past year, as many of the 7m endowment holders realise they may be entitled to compensation.

The simple truth is, people are using these companies because they are lazy.

Make the claim yourself, and save the fee!

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