Endowment Complaints

endowment policies?

My endowment is going to fall short on the amount I have to repay. I made a complaint to standard life and they have come back with compensation of £3000. This is the difference between what my policy is worth and how much I would have paid off had I taken out a repayment mortgage. Is this a reasonable offer or should I try to go further, if so how do I do this.

Public Comments

1. To me that sounds reasonable. I dont think you should be gready about it, and as long as you are not out of pocket take what they are offering.
2. Sounds like a good offer, pay this off your mortgage and reduce your monthly payments or pay it off your mortgage and it will be paid off a little earlier and keep your payments the same. Check your paperwork though to see if you are only permitted a certain % in lump sum payments off your mortgage balance per annum.
3. That's more than i got, take it and be grateful, if you appeal then the ombudsman may award you less
4. sounds OK. as long as you break even i think that is all you can expect nowadays