The Endowment Diary

The Endowment Diary

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

Monday, January 16, 2006

Time Barring Petition

Time Barring Petition

Merryn Matt has set up an online petition calling for the practice of time barring to be ended.

Extract from the site, www.timebar.org:

"Did you know that the Financial Services Authority (FSA) has slapped time limits - known as 'Time Barring' - for compensation claims against Life Companies for endowment policies which may have been mis-sold?

Time Barring is unfair, unclear and misleading. Approximately 1 million of the UK's 7.5 million endowment policyholders may already be Time Barred from claiming according to the FSA.

These rules operate in favour of the companies that sold the policies - saving them and costing you millions of pounds.

How can this be right?

This petition calls on the Government and the Financial Services Authority to put an end to the confusion and dishonesty surrounding mis-sold endowment policies, once and for all
."

I wish her well.

Don't forget to sign my petition though:)

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