Underperforming Endowment policies


P

paul williams

I've had an endowment for about 10 years now (25 yr total) and
recently had a letter advising me of a possible shortfall in the final
figure. (Fortunately, my mortgage no longer relies on this, I switched
over to repayment but kept the endowment going).

A friend of mine says that I should write to the initial provider and
complain that I was misold and that I'd get compensation. I'm a bit
sceptical. Is this at all likely ?

Secondly, bearing in mind this policy is acting like a sort-of savings
policy now, am I better off cashing it in or selling it or keeping it
going ?
 
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