tricky endowewnt miselling situation
"Andrew" wrote in message
...
If I make a complaint re a mis-sold endowment policy in the mid 1980s is
the insurance company likely to get in contact with their sales adviser
who retired some 20 years ago?
It was sold on the basis that it would definitely pay of the mortgage with
an extra lump sum on top ... It was my first dealing in finances and I
knew little/nothing about how it worked.
Reason I ask is that the adviser is an elderly relative of mine ... not in
good health and he would take it badly if he thought I was complaining
about him...
I really believe that at the time he fully believed in the product he was
selling me and I wouldn't want to proceed if it was to lead to any
grievance.
thanks Andy
No they will probably not contact the agent - they didn't in my case.
But after 2 years of communications and using the FSA it was agreed I was
mis-sold but I was not in a worse position than on a repayment mortgage so I
got nothing. The policy is not paying the full amount of the mortgage.
--
mark BR
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