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Late last year, journalist and TV broadcaster, Merryn Myatt launched this site on behalf of consumers, to demonstrate to the Government, the Financial Services Authority and consumer organisations, the strength of feeling against the pernicious application of Time Bars.
These Time Bars have been applied to complaints submitted by consumers who had been blatantly mis-sold endowment policies and who are now suffering shortfalls on their policies. These shortfalls are a result of risky policies not producing sufficient money to pay off the mortgages they were linked to. Unfortunately, the vast majority of policyholders were just never made aware of the risks.
Millions of such endowment policyholders are now being barred from making compensation claims. Tthey now face the prospect of having to fund these shortfalls, whether by drawing on other savings they have or even having to sell their homes.
A champion has come forward who is prepared to take this battle on to the very top.
The directors of Brunel Franklin (one of Merryn’s original supporters), have agreed to take on sole responsibility for Timebar.org…and are preparing a heavyweight legal challenge to the Financial Ombudsman and the Financial Services Authority, on behalf of endowment mis-selling victims in England and Wales.
They have taken on a senior QC (Queen’s Counsel) to advise them on the law and they believe they now have a strong case for challenging the legal basis for Time Barring.
Please keep checking the website for progress updates.
Many thanks again for your support so far, and let’s all get behind Brunel Franklin in their endeavour to overturn Time Barring and to win justice for all.
The Time Bar Team
Being mis-sold a policy has nothing whatsoever to do with
suffering a shortfall, which is generally down to adverse market conditions.
Sign the petition now to prevent endowment vendors using shortfall letters as a
way of triggering Time Bars against the victims of mis-selling.
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