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Anyone claimed for endowment shortfall?

Hi,

My 20 year endowment policy has only less than a year to go before maturing (no jokes please). I did speak to a financial adviser a few years ago about making a claim but he obviously wasn't keen, probably a bit of self protection, even though he had nothing to do with my endowment policy.

There seems to be many adverts for companies offering to take up endowment shortfalls (whether still running or previously matured). Has anyone gone through this process and was it worth it?

BTW. I've already paid off my mortgage via redundancy and a windfall.

Thanks

John

Reply to
johnh
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I asked the aliens on here the same question a few months back. They advised me to forget the 'claims companies' and contact my mortage provider. I did that and they sent me a 8 or 9 page complaints form that is fairly straightforward to fill in. I filled it in and sent it back and they sent me a letter a couple of weeks later telling me they agree with my complaint. The letter told me how much I was entitled to and deposited in my account within a few weeks. From start to finish took about 2 months. If you use a 'claims company' you will pay them a fat percentage of the claim and it will probably take them 3 or 4 times longer.

Arthur

Reply to
Davao

Financial adviser is probably not keen because you're claiming from the company that sold you the endowment who he gets commision from !

Go to the which website and download the form/letter from there....

I got £3500 back. Resault...

Reply to
paulfoel

If your endowment was sold before 28th April 1988 then the FSA won't investigate. If it was sold 20 years ago I doubt you can even take the case to court. (This is what I was told wrt my policy).

Mark.

Reply to
Mark

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