tricky endowewnt miselling situation
On Wed, 1 Jul 2009 15:10:12 +0100, "Andrew"
wrote:
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.
If it was sold in the mid 1980 is it unlikely it is covered by the FSA
scheme and it's probably too late use the courts.
BTDTGTTS.
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