Endowment shortfall

[SteveSxx]

Out of the blue thee months ago I received a letter from Barclays offering to look at my previously rejected claim for compensation for misselling my Woolwich endowments - this was unepected and good news - but Barclays appear inept - two diffeent departments give us different stories about the state of the claim - one keeps on telling us to send them a questionnaire (previously sent TWICE to them) - the other department telling us that ALL necessary documentation has been received and they are working out the compensation... I am after the difference between my loan (�30k) and the minimum exected payout (�18k) but don't expect ths much

The policies were both "with profits" which implies that I should expect more than the loan ??

How do they work out the amount of compensation ?

[bloaterbum]

Dear Steve whatever it is bite their hand off .Ispent hours filling in forms for Clerical and Medical plus the ombudsman and guess what .Nothing.

Half the fly by nights who were selling this tat are now long gone selling alternate power suppliesor second hand cars

[Ethel]

http://www.financial-ombudsman.org.uk/publicat ions/ombudsman-news/35/calculating-compensatio n.htm

[SteveSxx]

I received good news yesterday - an offer of nearly �4,500 - compensation - which I have accepted.....