Mr P - Leicester, Royal Bank of Scotland Win

Hi Julie,

Just a few of things.

Firstly, Thank you for all the work you and your team at endowment advice have done for me.

Secondly, Is there something going on in connection with pension advice where I was advised to contract out and its turned out not to have been the best advice?

and Finally, I am looking to sell my endowment policy, can you recommend anyone for me to approach do this?

Thanks

Mr P

Jul 1, 2005
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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