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Old July 1st 09, 04:20 PM posted to uk.finance
Simon Finnigan
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Posts: 301
Default 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.


I`d question whether you`d have a good case for mis-selling if the advice
given to you was good. Or are you saying that your relative, who was
(presumably) at the time a qualified advisor, was in turn badly advised? If
you have a complaint, surely it is against the person who advised you -
whether they in turn have a claim against anyone else for bad advice
shouldn`t be any concern of yours.

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