We want to share an important update with our Betfair Community users.
Over the coming months, the Betfair Community platform will be winding down. The final active day for the platform will be December 21st. From December 22nd, users will no longer be able to access the platform.
Your discussions, insights, engagement, and, most importantly, feedback have helped shape the platform and guided innovation. Your feedback continues to be important to us, and we will continue to listen via our dedicated feedback channels, as well as through product testing and innovations.
To share your feedback and experience, visit: https://support.betfair.com/app/home
Chit Chat
There is currently 1 person viewing this thread.
14 Jan 10
18:56
Joined:
Date Joined:
12 Jan 01
had to pay those robbing gits from the Halifax the shortfall in our endowment they sold us 25 years ago.
Then moved the goalposts
Then moved the goalposts
sort by:
Show
per page
Replies: 47
|
By:
ah well, whats 6K when we have betfair to supplement our income?
|
|
By:
You have paid less in re-payments due to interest rates being lower than projected,you cant have it both ways.
|
|
By:
Cant agree with that Hearts. Endowments are robbery with larceny. Biggest bull market EVER during the lifetime of mine and STILL looking at a big shortfall. If ever there was a case waiting under the Sale of Goods act these policies are it. They are patently 'not fit for the pupose they were intended' The fact you have to wait 25 years to prove it should be irrelevant imo.
|
|
By:
^ I believe about 6 years ago there were company's who would claim for you if you suspected you were mislead ?
I do not know if you still can claim. |
|
By:
mine you, as we paid, i gave them 6k worth of verbal.
|
|
By:
you should ask your bank for a breakdown of what they invested in and what return they got
though I know it's a load of sh!t |
|
By:
isn't the stock market not bigger than it was 25 years ago?
if so, and you lose money? makes no sense |
|
By:
Bear in mind markets have actually lost value over the last decade.
|
|
By:
punterfleecer 14 Jan 20:07
isn't the stock market not bigger than it was 25 years ago? if so, and you lose money? makes no sense ^ I'm only asking as I don't know,but is the stock market a gamble ? ie your shares can go down as well as up ? |
|
By:
He hasnt lost money though.
|
|
By:
6 k ?
|
|
By:
I thought for a horrible moment someone had lost their head and followed my All Weather tips.
|
|
By:
what the mkts did or didn't do is not my problem, we were told there would be x pounds at the end of 25 years plus a nice bonus on top.
if there was any hint of a risk, my wife would not of had a endowment. |
|
By:
I didnt think the final sum was guaranteed and you were supposed to monitor them over the years and increase contributions if there was a shortfall forecast?
There are many types arent there. What exactly was yours? |
|
By:
Read the frequently asked questions at the financial ombudsmens website that may give you some idea of what you can do and the process to follow.
|
|
By:
ours, we were told was on track, until the newspapers expossed the rip off about 4years ago
|
|
By:
financial ombudsmens waste of time they won't look into it, as the Halifax won't give permission.
|
|
By:
Hearts.no1 14 Jan 20:09
punterfleecer 14 Jan 20:07 isn't the stock market not bigger than it was 25 years ago? if so, and you lose money? makes no sense ^ I'm only asking as I don't know,but is the stock market a gamble ? ie your shares can go down as well as up ? FTSE price in 1985 was 1413 FTSE price in 2009 was 5413 looks like he should have done very well, makes no sense, load of sh!t really source : http://swanlowpark.co.uk/ftse0604.jsp |
|
By:
I dont think the Ombudsman needs permission from Halifax to investigate a complaint made against Halifax.
|
|
By:
punterfleecer. How can you judge how badly or otherwise this has performed from the information given!
|
|
By:
SPOT THE DOG 14 Jan 20:14
what the mkts did or didn't do is not my problem, we were told there would be x pounds at the end of 25 years plus a nice bonus on top. if there was any hint of a risk, my wife would not of had a endowment. ^ so you were mis-sold ,I don't know if you can still claim though ? |
|
By:
You are not exposed to the stock market fluctuations though, such policies are designed to give a smoother growth over a period.
So when the stocck goes up you gain less, but when the stock goes down you lose little. |
|
By:
Ombudsman needs permission from Halifax if as the halifax told us we are out of time.
|
|
By:
It was in the papers/tv about 5/6 years ago to claim.
|
|
By:
Ok Spot yes time barred thats bad luck.
|
|
By:
HarryCrumb 14 Jan 20:39 punterfleecer. How can you judge how badly or otherwise this has performed from the information given! Because that's probably what the banks info gave to all the poor sods who invested in an endowment |
|
By:
but what's your answer?
|
|
By:
We tried to sort the problem out with the Halifax, but they gave us the run around.
|
|
By:
all companies sent out letters giving a time frame to put your complaint in, though why is there such a market in buying up such policies?
Are the end of the full term bonuses going to be shocking? |
|
By:
I think they are supposed to give you written notice of 6 months if they intend to timebar a complaint?
|
|
By:
HarryCrumb the Halifax closed the complant, as they said they had looked into the case,we didn't.
|
|
By:
complaint
|
|
By:
we said we were not happy with the findings, so they said they would take another look at it.
48 hours later the same STANDARD LETTER came. |
|
By:
All I can suggest is check that halifax have followed the procedure that the FSA requires them to follow.
This means you have 3 years from the first warning letter of a shortfall or 6 months after a second whatver is the later. It also means they must write to you and give you 6 months notice of the date which they intend to time bar you from. If they havent done this then perhaps you can challenge this with the Ombudsman. |
|
By:
do they actually explain anything when selling an endowment mortgage?
|
|
By:
FTSE price in 1985 was 1413
FTSE price in 2009 was 5413 looks like he should have done very well, makes no sense, load of sh!t really source : http://swanlowpark.co.uk/ftse0604.jsp oh you still need to owe use 6k because we gave £50 million in bonuses so in that case probably not regarding in explaining an endowment mortgage |
|
By:
bankers disgust me
|
|
By:
Just spotted that it also appears the ombudsman has different rules for sales made pre 1988. The more you look at these things the more complicated it gets- which I suspect is the general idea.
Good luck anyway spot maybe someone else will have something more useful. |
|
By:
thanks for your time, but as i said, they moved the goal posts
|