Testimonials

Endowment Claims

Ms Winterbottom: Advisers earn 113 million a year from mis-sold endowments

Ms Winterbottom, a housewife from Cardiff, was mis-sold an endowment mortgage by a salesmen linked to Halifax in the 1990s. She was told that her endowment, from Standard Life, would not only pay off her mortgage but provide a lump sum on top. At no time were the risks pointed out.

Then Ms Winterbottom received a letter from Standard Life saying her endowment could fall 18,000 pounds short of the 37,000 pounds she needed to pay off her mortgage.

She successfully made a claim for mis-selling, with the help of Endowmentclaims.com, and received compensation.

Ms Winterbottom had no idea her adviser had been receiving commission every time she paid her premiums. She said: 'I'm shocked that the adviser has been paid commission even after it had been proved that he mis-sold me the policy.'