The Endowment Diary

The Endowment Diary


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

Tuesday, June 26, 2007

Every Cloud Has a Silver Lining

As can be seen from this article in the Evening Star, whilst the long suffering holders of endowment polices may be suffering, claims firms are doing rather well out of the endowment mortgage scandal.

Experiences Connect, of Ipswich, has seen turnover rise from £344K in 2005 to £925K in 2006 with forecasts for 2007 of £1.4M.

The firm aims to have increased its workforce by between 15 and 20 new members of staff, within the month.

As the old saying goes:

"every cloud has a silver lining".

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