Claims Firm Collapses
As if things were not already bad enough for the millions of people stuck with underperforming and useless endowment policies, 6000 now face the added burden of having paid money to a claims firm that has been wound up by the DTI.
6000 people whose endowments failed paid £495 upfront to a claims company, Manchester-based Vickers Anderson Consulting.
It is unclear as to whether they will be able to get their money back.
What a mess!