Archive for the ‘claims’ Category
Compensation claim help for customers of 27 companies in default
Tuesday, September 9th, 2008The Financial Services Compensation Scheme (FSCS) is reminding consumers they can claim up to £48,000 if they have lost money from any of 27 investment firms recently declared in default. The scheme offers a free service to customers of authorised financial services firms. (more…)
Most believe endowment policies were mis-sold
Thursday, August 14th, 2008A new survey has revealed that most people with a mortgage endowment policy believe it was mis-sold. While 87 percent of the respondents felt they were duped when they originally took out the policy, only 10 percent felt that they were made aware of the risks. (more…)
Mortgage endowments still largest source of claims
Monday, August 11th, 2008Mortgage endowment claims are still the biggest source of new claims for Financial Services Compensation Scheme (FSCS). According to it’s latest report there were 7,410 new claims during the financial year. (more…)
Chesnara reports fall in endowment complaints
Monday, April 21st, 2008Endowment ripoff revealed?
Wednesday, March 12th, 2008A recent article in Timesonline claims that savers with endowments pensions and bonds may have been ripped off to the tune of £8 billion this year. (more…)
Prudential endowment mortgage holders may get bonus
Friday, February 29th, 2008Prudential has announced welcome news for its endowment mortgage customers who are dependent on endowment policies to pay off their mortgage this year. Other customers will also benefit as, for the first time in 18 years, there will be increased annual bonuses paid to with-profit policyholders. (more…)
Good news for Norwich Union endowment mortgage holders
Friday, February 15th, 2008Endowment mortgage customers of Norwich Union may have something to look forward to. The company has announced that £2.1 billion will be available to policyholders as a result of the freeing up of a significant part of the inherited estate. (more…)
Shortfalls cut by Standard Life
Monday, February 11th, 2008Standard Life has announced that there will be a cut in mortgage endowment shortfalls this year. Of the 63,000 maturing policies around 45 percent will not be subject to a shortfall. (more…)
Norwich Union majority of endowment policies will be in shortfall
Wednesday, January 16th, 2008Norwich 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…)