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john dillon · 2016-10-11 10:01:13

Whats the case if the original endowment projections you received were incorrect. Is there a case for fraud against the bank. I understand there's no limitation on taking this case .

11-10-2016 10:01am

#1

john dillon

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Whats the case if the original endowment projections you received were incorrect. Is there a case for fraud against the bank. I understand there's no limitation on taking this case .

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#2 11-10-2016 4:55pm

coylemj

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All those endowment policies contained the boilerplate disclaimer - 'investments can go up as well as down' or 'projections are based on current yields which may not be achieved in the future' - the financial industry's version of 'your mileage may vary'. Best to ask a solicitor but I wouldn't hold out much hope.

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#3 11-10-2016 6:32pm

phormium

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I'm wondering too how the projections could be wrong? Well we all know they were wrong in that they didn't perform but they are just that projections, makey uppy figures. Are they actually calculated wrong based on a quoted rate on the paperwork or what?

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