Norwich Union has revealed that more than 90 percent of its endowment policies will be in shortfall when they mature and will therfore not provide sufficient funds to pay off mortgages. (more…)

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A report in the Mail on Sunday reveals that the with profits policyholders with the Norwich Union could lose windfalls worth £150 million as the insurer will use these funds to pay endowment mis-selling claims. (more…)

Technorati Tags: endowment mis-selling, norwich union, windfall