What is endowment mis-selling?

The legal definition of a mis-sold endowment is that it was not sold in accordance with the regulations made by the FSA (Financial Services Authority), which regulates the industry. The job of the FSA is to protect people from being duped or poorly advised when using or buying financial services, and includes protection against endowment mis-selling.

For example, if when buying an endowment, you were not made fully aware that there was the possibility that it would not pay off your mortgage upon maturity, then you could make the case of a mis-sold endowment.

It has been over ten years since the Financial Services Act was created, and this has helped to counteract endowment mis-selling. Prior to this, those selling endowments were able to sell by basing their predictions of investment returns on past performances. This can be seen as endowment mis-selling , as it offers no guarantee that the stock market will continue to perform.

Have you been mis-sold an endowment policy?

Brunel Franklin specialise in helping customers win compensation on their mis-sold endowments. Our team of advisors and legal experts take away the worry of making an endowment claim.

Call us free on 0800 970 2222

Get in touch with our experienced staff and make your endowment claim today.