we were told it be guarenteed to meet its target ( surrounded by 2024). after a letter subsidise in 2003 alert us we would have a shortfall if we didnt up our monthly payments by lb50 , we established to switch to a repayment mortgage and surrendered the policy. has anybody have any joy next to such a claim? im abit wary of the "no win,no fee" companies , and would basically like a bit of warning. thanks.
Answers: The following knit is to the FSAs booklet dealing with basically this very entity, should tell you adjectives you need to know.
http://www.moneymadeclear.fsa.gov.uk/pdf...
I come up with you may have gone it too late... but I'm not an expert and it depends when the policy started etc.
Good luck
When making a claim against a mis sold endowment policy you call for to claim against the IFA who sold it to you. If your complaint is up held the standard compensation will be to put you in the position you would own been within if you had salaried the same money into a repayment mortgage. This does not guarantee to wages off you mortgage. If you the company that sold the endowment is no longer contained by business you need to contact the FCSC and they will income the compensation. You can still claim, you need to move about back to the Advisor's company and formally complain, they will investigate and desire wether or not to uphold the complaint i.e the advisor was at culpability. Some people hold had compensation as a result.
If you still be aware of this is inadequate after their final response you may help yourself to it to the financial Ombudsman, its worth noting that companies draw from charged every time a customer puts a compliant to the ombudsman even if they are not at fault, so it is surrounded by their best interest to resolve it quickly for you.
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Answers: The following knit is to the FSAs booklet dealing with basically this very entity, should tell you adjectives you need to know.
http://www.moneymadeclear.fsa.gov.uk/pdf...
I come up with you may have gone it too late... but I'm not an expert and it depends when the policy started etc.
Good luck
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When making a claim against a mis sold endowment policy you call for to claim against the IFA who sold it to you. If your complaint is up held the standard compensation will be to put you in the position you would own been within if you had salaried the same money into a repayment mortgage. This does not guarantee to wages off you mortgage. If you the company that sold the endowment is no longer contained by business you need to contact the FCSC and they will income the compensation. You can still claim, you need to move about back to the Advisor's company and formally complain, they will investigate and desire wether or not to uphold the complaint i.e the advisor was at culpability. Some people hold had compensation as a result.
If you still be aware of this is inadequate after their final response you may help yourself to it to the financial Ombudsman, its worth noting that companies draw from charged every time a customer puts a compliant to the ombudsman even if they are not at fault, so it is surrounded by their best interest to resolve it quickly for you.
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