AXA time barring

Time barring is a legitimate move by those providers who have started to introduce it. If you received a letter stating a high risk of your plan not paying off your mortgage (this is often known as a ‘red letter’) then the provider can time bar you three years from the date of issuing this letter.

AXA were quick off the mark in warning their customers about policies that did not look likely to reach expected targets and are now drawing near to a time where they can start time barring their customers. Initial letters sent out in late 2002 are now being advised that claims must be submitted within three years of the letter or if the policy was sold directly by an AXA Sun Life representative then the complaint must be made by the end of May 2006.

If you have received a red warning letter from your endowment provider then we urge you to act now to ensure you receive compensation that you may be entitled too. We know all too well how confusing handling your own complaint can be so why not let us do it for you?

Jun 6, 2005
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