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Do you believe the Financial Services Consumer panel&#39s research claiming 50 per cent of mortgage endowments have been missold?

“No. The figure seems way overboard. To say 50 per cent of people did not understand the risks at the time they were sold policies seems very over the top.”

Alan Marshall, Sole trader, Alan Marshall

“No. What have they used as a sample? I don&#39t believe it. How can you have evidence of mis-selling unless the individuals selling the products guaranteed the mortgage would be paid off?”

John Stewart, PMI Independent Financial Adviser

“No. I took out my own 25-year low-cost endowment with GRE in 1975 and it has matured at £28,000. It follows to me 50 per cent seems most definitely on the high side.”

Brian Roberts, Brian Roberts Financial Services

“No I don&#39t. But if you said that 50 per cent of mortgage endowments through tied agents had been missold, thenI would believe it.”

Alan Lofts, Personal Finance Services

“No. It&#39s a load of rubbish. Most of them have been sold properly. When people remortgage, they have to have an endowment or they wont be able to pay it back.”

Roger Turner, Home Financial Consultants

“In my experience, I would not have thought 50 per cent would have been missold.”

Steven Compton, Direct Financial Services

“No. The problem has been an overly complex product which homebuyers could not fully understand. The regulators are far more culpable in this than they have admitted.”

Antony Harrison, A James Financial


Research finds outflow from final salary is accelerating

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PIA in call to keep polarisation

The PIA board has soundly endorsed polarisation, condemned multi-ties and called for maintenance of the status quo in its response to the FSA consultation.The board says a robust IFA channel is necessary and changing it could cause substantive damage to consumer understanding of the marketplace.The response is one of the strongest messages in favour of […]

Portman pull TESSA penalty

Portman Building Society is withdrawing the transfer penalties on all its variable interest rate TESSA products. The move follows recent concern from the Banking Code Standards Board on transfer penalties. As a result Portman is withdrawing the 180 days loss of interest penalty for customers closing or transferring their variable rate TESSA. Portman Group Communications […]

Close Brothers – Close Brothers AIM Venture Capital Trust

Thursday, 12th October 2000.Aim: Capital growth by investing in developing companies in the UKQuoted on the FTSE AIM.Minimum investment: £2,000.Opening &#45 closing date: October 20, 2000 until further notice.Charges: Initial 5 per cent.Commission: Initial 2.5 per cent, renewal 0.25 per cent.Tel: 020 7457 8000.

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


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