Homeowners with Endowment Mortgages have been warned that an increase in the value of shares during 2009 will not lead to higher endowment maturity payouts in 2010. Although the value of the FTSE 100 index has increased in value by 11.3 per cent over the past year, most with-profits endowment policies maturing in 2010 will [...]
The Times recently reported that an increasing number of elderly homeowners are entering equity release to cover Endowment Mortgage shortfalls of up to £20,000. According to figures obtained by the Times, up to 300,000 homeowners expected their endowment policy to produce sufficient cash to repay their mortgage in full this year. However, these homeowners are [...]
The Daily Mail recently reported that millions of UK homeowners are sitting on an Endowment Mortgage timebomb that is set to explode within the next five years after endowment policy maturity values slump again. According to figures obtained by the Daily Mail, an estimated two million endowment policies will mature within the next five years [...]
The BBC recently reported that hundreds of elderly people could face the prospect of having to sell their homes after an investment marketed as medium risk went badly wrong. Some have lost as much as a quarter of a million pounds after investing in Geared Traded Endowment Policies. What is a Geared Traded Endowment Policy? [...]
The Financial Services Authority (FSA) has published new rules which mean that from the end of 2012, financial advisers will no longer be able to receive commission payments for selling investment products such as Investment Bonds, Endowment Policies, Unit Trusts, and Personal Pensions. The rule change is a radical for the financial services industry which [...]
Nearly 2 million endowment policies are expected to mature over the next five years. Of these, a shocking 99% are expected to provide insufficient funds to repay the mortgages they were designed to repay. Information compiled by Money Management has revealed that of the 46,000 Standard Life endowment policies maturing in 2010, 97% will fall [...]
Prudential, one of the UK’s biggest insurance companies, has revealed that the value of its maturing with-profits mortgage endowment policies has fallen. This is despite the value of Prudential’s with-profits fund increasing in value by 16% over the past year. Figures released by Prudential reveal that a £50-a-month policy maturing in May 2010 after 25 years [...]
We only accept PPI claim(s) where you can provide proof you purchased PPI - this will usually be confirmed on your:
You'll need to send us this proof of PPI when you return our Claim Pack. Without proof of PPI your bank or lender will not be obliged to investigate your claim(s) for compensation.
