This is an independent web site providing advise to consumers who are facing a shortfall on their endowment plans.
You may have received a letter from your endowment provider warning you there is a possibility your plan will not reach the targeted amount to repay your mortgage. You are not alone. There are millions of endowment policy holders who are in the same situation and concerned that their endowment will not repay the mortgage when it matures. Large numbers of endowment plan owners have complained and successfully received compensation and you may too be entitled to financial redress. However, this will depend on whether your endowment was mis-sold.
There are currently millions of endowment policy holders who are facing a shortfall on their endowments, but this doesn’t mean that the plan was mis-sold. The fact that an endowment plan is performing poorly doesn’t automatically entitle the plan holder to compensation. However, if the adviser did not explain the risks of the endowment falling short to you at the time of the sale, you should complain. Other common examples of how endowments plans have been mis-sold are:
In the first instance you should approach your endowment provider. There are two key ways to do this:
For further details on how to do this, click on the appropriate tabs above.
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