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.. »
A decision by the Information Commissioners Office (ICO) forcing the FSA to name 12 companies accused of misleading customers over charges on policies, will be appealed by the Authority. 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.. »
A couple had to take Lloyds TSB to court when it refused to pay compensation, despite accepting that it had mis-sold an endowment mortgage to them in 1988. more.. »
The latest annual review by the Financial Ombudsman Service indicates that the number of mortgage endowment complaints has fallen. more.. »
Claims management companies face regulation by a new system administered by the Claims Management Regulation Monitoring and Compliance Unit (CMRMCU). more.. »
After making a huge provision for mortgage mis-selling claims, Bradford and Bingley has reported a fall in profits. more.. »