|
|
 |
|
FOS say liability should lie with advisor The Financial Ombudsman Service, which deals with complaints that financial companies turn down, declare liability for the sale of an endowment policy should lie with the person or company that gave the advice. Oct 16, 2005 Bradford & Bingley forced to back down Bradford & Bingley has had no option but to reverse its decision concerning refusal to work with third party endowment complaint handlers. Oct 5, 2005 Time-barring scandal A new report shows that Britons missing out on thousands of pounds as a result of mis-sold endowment mortgages are still being denied compensation. Sep 29, 2005 Debt free retirement a thing of the past? Research has revealed that approximately 500,000 homeowners are still paying off their mortgages after retiring from work. Sep 28, 2005 Complaint handlers get boost from FSA A financial watchdog has acted to appease the argument between endowment complaint handlers and endowment providers. Sep 2, 2005 Recovery for Standard Life Standard Life has revealed that it is well on the road to recovery. However, doubts still hang over who will benefit from next year's stock market flotation and how well endowment holders are being treated. Aug 26, 2005 FOS report large increase in complaints against IFAs An acute increase in the amount of endowment mis-selling complaints involving independent financial advisers has been noted by the Financial Ombudsman Service. Aug 23, 2005 Rise in size of endowment shortfalls According to the Financial Ombudsman Service, the extent of shortfalls in homeowners' endowment policies is increasing. The average difference is now £7,057 between the maturity value of a property and the mortgage it needs to repay, up from £5,800 six months ago. Aug 14, 2005 Which? urges fine increase The consumer campaigning group, Which?, has appealed to the City regulator to significantly raise the fines it exacts on companies found guilty of mis-selling in order to crack down on the financial services industry. Aug 10, 2005 Bradford & Bingley refuse to deal with claims handlers! Endowment complaint handlers have accused Bradford & Bingley of flouting regulatory guidelines and breaching the Human Rights Act following the bank's move not to deal with mis-selling cases brought by third party firms. Aug 10, 2005 The lucky ones who can claim - and the victims left out in the cold When a regulated financial firm is no longer trading or does not have the resources to pay claims itself, the scheme can then consider compensation. A claim is dependent on a client having lost through poor advice or mismanagement. Aug 5, 2005 Endowment complaints up by 30% Since April, endowment policy providers have witnessed a 30 per cent increase in the number of complaints following a mailing of "time-bar" letters to policyholders. Jul 29, 2005 Time-barring to be challenged The legality of time-bars on mortgage endowment complaints is set to be challenged as the door closes on hundreds of thousands of mis-selling victims. Jul 28, 2005 FSCS “Close to capacity” The Financial Services Compensation scheme has admitted it is close to its limit in coping with new claims from individuals who believe that they were mis-sold. Jul 26, 2005 2 Million Endowment holders still face shortfall The FSA has reported that more than 2m people in the UK with endowment policies are still facing a shortfall. Jul 22, 2005 Which? advise you claim before "it's too late." Recent research suggests that almost half of endowment policy holders have yet to complain and half of these individuals are unaware of time-bars. Jul 11, 2005 Up to £50 billion could be claimed by mis-sold policy holders It appears that millions of mortgage endowment policyholders who are informed that they not eligible to claim compensation for mis-selling could, via the court, still be entitled to claim the sum of £50 billion. Jul 4, 2005 1 in 10 complaints received by FOS is made against IFAs The Financial Ombudsman has revealed that approximately one in ten of the increasing amount of complaints made to their service relate to advice handed out by independent financial advisers. Jul 1, 2005 Post payment compensation rejected by FOS The Financial Ombudsman Service have established that Mortgage adviser firms who have consented to compensation for endowment mis-selling are not obliged to re-open the case even if the client returns after accepting that amount. Jun 28, 2005 AXA time barring It has been brought to our attention that AXA are time barring some of their customers from making complaints beginning next year. Jun 6, 2005 More |
|