From: "John" 
Newsgroups: uk.finance uk.legal
Subject: Re: Endowments The Forgotton Scandal (how big Insurance Companies Unloaded their responsibilties)
Date: Fri, 14 Jul 2006 12:25:07 +0100


"Bob_Cratchit"  wrote in message 
news:1152862565.538736.27970@h48g2000cwc.googlegroups.com...

> The Life Insurance companies that sold these products seemed to have
> shoved all of the blame onto IFA's.

I don't know about you but when I applied for a mortgage the IFA clearly 
didn't understand the product and appeared to be basing his advice solely on 
his commission. I believe it is right and proper that such people are held 
to account.

I know that when I looked at endowments in the late 80's I made the 
assessment that they were a poor choice compared to repayment.