The Endowment Diary

The Endowment Diary

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

Monday, August 08, 2005

Standard Life Fails To Deliver

Standard Life Fails To Deliver

According to new figures, those people unfortunate enough to have an endowment policy maturing with Standard Life this year will not only miss out on any windfall but have had to endure a further decline in their investments over the past year.

It seems that Standard Life's useless endowment policies have produced a negative return of 2.7% this year.

Pathetic!

The figures were revealed as Standard Life unveiled its mid-year "bonus declaration", and made a useless attempt to focus attention on one-year returns of existing policies rather than the year-on-year change for maturing policies.

I think that it is time for the hapless holders of these useless, and underperforming, polices to act up.

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