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Mr and Mrs H - Legal & General Win |
Julie,
Just a quick note to inform you that we have forwarded the Acceptance of Offer Form which you forwarded to us. We have discussed the offer and have decided to accept it and to surrender the policy.
We have sent this form together with the policy and a duplicate Note Of Assignation from the Halifax and duplicate correspondence from the solicitor when we sold our property and discharged the mortgage as Legal and General seem to be under the impression that the Halifax still have the policies assigned to the Halifax!!!!
This was posted out to you this date via Recorded Delivery.
Your invoice has been received and will be settled as soon as possible.
May we thank you for the work that you have undertaken on our behalf. We are extremely satisfied with the way you have negotiated compensation regarding this matter and we will certainly informing family and friends of your excellent service.
Once again, Thank you,
Kind regards,
Mr & Mrs H
Jul 27, 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
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