Thank you, we had looked at the which guide's advice, the route we had to take in Scotland was the Law society because it was a solicitors firm.The ombudsmen I believe oversees the law society's decision. I don't think we can take this further.Will consider the stocks and shares.

Hi,

Like you I did it through a financial advisor who happens to be no longer involved in that side of the industry -- no surprise there!! Anyway they are only obliged to hold records for 7 years so basically YOU are responsible for proving the miss selling. I wrote to these lovely people for 1 year, then went to the FSA who because the firm is still trading hold them liable, I am now with the Ombudman - another year in. It seems that if you did it direct through the Insurance company ie. Standard Life then it gets sorted out quickly and efficiently, but if you use FA's then all hell breaks loose. You could contact Standard Life directly but they will probably tell you to go through you financial advisor as they are the ones responsible but hey its worth a try. You could take a look at Which, they do a "what to do" sort of thing- includes letters etc I am assuming by the law society you mean the FSA? Anyway take your complaint to the Ombudsmen, photocopy all correspondence and see if you have any original quotes which compare repayment and endowment (my difference was only £3.50 at the time!!), It doesnt matter that you did/did not understand stock/shares the fact remains that you were promised a lump sum. You could also try moneyexpert -they are on tv as well but not sure how you would go about this to be honest only logged onto their site tonight for savings. Another avenue would be to actually invest in stocks and shares to offset the shortfall but again you would need advise, Chase de vere are quite good but depending on where you are I have one that I trust, if your interested that it is. Anyway not sure I can help you much further - it's a mine field. I wish you the very best of luck.

Like many others we were misold an endowment mortgage in both 1989 and 1991 and are now faced with a hugh shortfall. We followed the complaints procedure in mid to late 2005 this went to the law society and not surprising the complaint was not found to be valid.The endownment was arranged by an independent financial adviser working for a solicitors,our complaints were:- The adviser did not establish our attitude to risk .: We were lead to believe we would be given a substantial bonus at the end of the term.: It was not discussed that the endownment may not cover the mortgage. :A full discussion did not take place re the funds we would be investing in. We wondered if there is any other way forward. Should we have tried to complain to Standard Life who's glossy leaflet promoted the policy, although in reflection as a mature adult did touch on the fact shares can go up as well as down, we were young and naive and probably did not know about shares and it certainly was not pointed out to us. This is why we sought advice.We also are unsure what to do now, we have a repayment mortgage on our increased mortgage, we are not in the financial position to put any more of our mortgage on to repayment at the present time although may be in the position in the future.The short fall can be anything from £14,400.00 to £21,800.00.Considering it was a total mortgage of £48,00.00 is a fairly sad state of affairs.These plan are due to mature in 2014.Both repayment and interest only mortgages require to be repayed by 2023.The property we are in and plan to be in for the foseeable future is worth at least £150.000 more than the mortgage.Should we be worried or should we look at releasing equity on our property when required.All advice appreciated.