The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Monday, November 07, 2011

Delaying Tactics?

My thanks to the loyal reader who dropped me a note (see below) about possible delaying tactics used by some endowment companies.

Has anyone experienced delays in receiving payments from endowment companies for policies that have matured?

I have redacted the names of the companies to which he has referred.

"I took out a £30K endowment with **** in 1987 and after 25 years it matured on August the 1st just under £32k not the promised - hinted at- confident 40-50k but at least its over 30k. 

My issue is getting them to pay me - are you aware of a delaying tactic or policy on holding off on paying people? 

They claim its the *** (another company) but I feel like I am just getting the run around?"

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