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Can You Claim Endowment Shortfall Compensation?

In all the cases we have investigated, the reason people have been awarded Endowment shortfall compensation is because they were simply not given enough information at the time the policy was sold to them.

In our experience the majority of endowment policyholders were not deliberately mis-sold. However the majority of advisers, particularly the banks and building societies, simply didn't follow the rules. As such, many policyholders who think they were given good advice are entitled to complain and may be due shortfall compensation.

You can claim Endowment shortfall compensation even if;

• You have surrendered your policy
• Your policy has matured
• You have sold your house
• You have changed to a repayment mortgage
• You can claim even if your policy does NOT have a projected shortfall

To find out if you may be due compensation simply answer the following questions;

Please Answer ALL Questions

1. Were you promised your mortgage would be paid off and you would receive a lump sum on top?
   Yes No
2. Were you told there could be a shortfall?
   Yes No
3. Were you made aware of the risks involved with an endowment mortgage?
   Yes No
4. Were you offered the option of a repayment mortgage?
   Yes No
5. Were you advised to cancel or surrender any existing policy in order to take out the endowment policy?
   Yes No
6. Does your policy run past the date when you retire?
   Yes No
7. Were you a first time buyer at the time you took out your endowment?
   Yes No
8. Finally, if all the associated risks had been fully explained to you, and had the adviser fully explained how your endowment works, would you have taken it out?
   Yes No