Endowment 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…)
Standard 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 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…)
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…)
The Mail on Sunday, commenting on a report in Money Management Magazine, say that more than 200,000 endowment mortgage holders are owed compensation totaling £200m. (more…)
The latest annual review by the Financial Ombudsman Service indicates that the number of mortgage endowment complaints has fallen. (more…)
After making a huge provision for mortgage mis-selling claims, Bradford and Bingley has reported a fall in profits. (more…)
Norwich Union is cutting payouts on maturing mortgage endowments, with a typical mortgage paying out 4 percent less than a year ago. (more…)
Legal and General have announced that they will now impose time bars on claims for mortgage endowment mis-selling. (more…)