Endowment Policy Mis-selling

Endowment Policy – An endowment policy is a type of investment plan that is designed to pay a lump sum at its maturity. Normally, endowments are taken out with an interest-only mortgage, but can also be used as investment plans for specific future events. Endowments can also provide life cover.

After the policy is taken out

Once you take out an endowment policy, you will be paying regular premiums and each year you should receive an annual statement telling you how your policy is performing.

The money paid to the endowment is normally invested by the policy provider, with a view to creating a capital growth, which will be returned to you in a lump sum at the end of the policy term.

Different endowment policies may have slightly different terms, but most of them do not provide for a guaranteed sum at the end of the term, as this is dependent upon the performance of the policy.

Circumstances in which an endowment can be mis-sold

How an endowment is sold and administered can give rise to a legal claim. This could include the following scenarios :

  • There has been a failure to advise on the risks associated to the endowment policy and the circumstances in which it may underperform;
  • You were led to believe that you would receive a guaranteed sum at the end of the term or that the endowment would pay your mortgage off;
  • The endowment was not suitable for your circumstances; or
  • Your advisor failed to disclose any conflicts of interest and commission.

How we can help

Our team of specialist banking and finance lawyers can assist you with the assessment of your claim and advise you on the best avenue to seek compensation, whether it is via court proceedings, a complaint to the Financial Ombudsman Service, or via the Financial Services Compensation Scheme.

Our Experts

William Fox Bregman

Partner, Solicitor & Head of Banking and Finance Litigation

View All Experts
Paul Kanolik

Partner & Solicitor

View All Experts
William Dooley

Senior Associate Solicitor

View All Experts
Henrietta Frew

Senior Associate Solicitor

View All Experts
Emily Ferris

Chartered Legal Executive

View All Experts
Amy Mellor


View All Experts
Melissa King


View All Experts
Daniel Lewis

Trainee Solicitor

View All Experts
Leah Sharman


View All Experts
Ellie Sherriff

Personal Assistant

View All Experts
Grace Tyror

General Support Manager

View All Experts

Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
Office 320 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact