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The charge against Standard Life endowments
Approximately 100,000 Standard Life endowment holders are facing possible shortfalls of 12 percent because their premiums were set at an artificially low level by insurers. Standard Life customers who took out a Homeplan policy in the early 1990s are affected.
Jun 4, 2005
FSA fines Abbey £800,000 for endowment mis-handling
The FSA has fined Abbey National plc £800,000 for mishandling mortgage endowment complaints and for providing inaccurate and potentially misleading information.
May 25, 2005
More endowment firms look set to introduce time barring
Several of the larger endowment providers will seek to impose deadlines on their customers who were missold mortgages. Read more to see which firms look set to impose time-barring.
May 8, 2005
FSA Admits private warnings to endowment mis-sellers
The FSA (Financial Services Authority) has been forced to reveal its 'secret' warnings to IFA's and other endowment providers it suspected of endowment mis-selling.
Apr 28, 2005
Abbey faces fine for mis-selling endowment policies
Banco Santander-owned Abbey is bracing itself for an expected FSA fine over its endowment mortgage complaint procedures.
Apr 12, 2005
Endowment Advice Limited Fee Increase
To enable us to give you not only the highest amount of compensation but also the personal service our clients value we will be raising our fees.
Mar 15, 2005
Endowments black hole hits £40bn
As many as eight out of 10 endowment mortgage holders are facing a shortfall on their policy due to a catalogue of failings by providers, MPs have said.
Mar 11, 2005
HBOS's £130m for endowment victims
The HBOS banking group, owner of Halifax and Bank of Scotland, announced today that it had set aside £130m to compensate 'valid' victims of its endowment mis-selling.
Mar 2, 2005
Red letter day for endowment shortfalls
Tens of thousands of Standard Life mortgage endowment holders discovered last week that the clock is ticking if they want to lodge a mis-selling complaint.
Feb 23, 2005
The great endowment battle
Millions of letters will begin to drop on the doormats of homeowners in the next few days warning them to hurry up if they want to complain about being mis-sold an endowment mortgage.
Feb 18, 2005
'Arrogant' Halifax under fire
HALIFAX has been branded 'arrogant' and 'shameful' over massive delays in compensating victims of mortgage endowment mis-selling. Some customers have been waiting ten months to get their cash.
Feb 1, 2005
Criticisms force FSA to review its operations
The Financial Services Authority is expected to appoint one of its top officials to lead a sweeping review of its investigations and enforcement operations next week.
Jan 27, 2005
Insurer sees endowment fine cut
A tribunal is to cut Legal & General's £1.1m fine for mis-selling but upheld a Financial Services Authority ruling that the insurer mis-sold endowments.
Jan 18, 2005
Overloaded ombudsman warns complaints could take year to be resolved
The Financial Ombudsman Service yesterday admitted it was sagging under a new flood of endowment complaints, with cases taking up to a year to be resolved and delays likely to worsen in coming months.
Jan 15, 2005
Warning over endowment complaints
Endowment providers should review their complaints procedures, the City watchdog has said.
Jan 4, 2005
Standard Life suspends mortgage
Life insurer Standard Life has said that it is unable to keep its promise to make up the shortfall in its customers' endowment mortgages.
Oct 7, 2004
FSA fines Allied Dunbar £725,000
The City watchdog has fined Allied Dunbar £725,000 for "serious flaws" in the way it has handled mortgage endowment complaints.
Mar 19, 2004
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Lloyds TSB plc has allocated a further £110 million to compensate endowment policyholders. This is in addition to the £250 million which was set aside to pay compensation in 2003.
Lloyds TSB plc to impose a time bar on endowment policyholders that were mis-sold their policies in order to prevent them from making a claim
Reported in the Daily Telegraph December 2004
Mortgage endowment policyholders are collectively going to face a shortfall estimated at £ 40 billion
The average amount of compensation where a policy has been mis-sold is estimated to be £3,000
Source ABI (The Association of British Insurers) 2006
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