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    • Biden doesn't seem bothered about negotiating a trade treaty to suit the UK government's timetable. I don't suppose they saw this coming, not that the amount of trade involved makes up for what's being lost with Europe anyway.   https://www.independent.co.uk/news/uk/politics/brexit-boris-johnson-usa-trade-deal-b1807616.html
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    • Hi.   Have you spoken to a divorce lawyer or has your husband? Trying to look at this from the outside, it sounds as if it would be better to agree a fair split according to divorce law rather than deciding between you.   Sadly, once money becomes involved things can become more complicated, but I'd have thought a divorce lawyer would be able to advise.   ETA: Here's some advice from the government.   HB
    • I forgot to say he keeps trying to make me feel bad as well about it being his mums money that went into the house saying he should be entitled to more of a share because it was his mum who left us the money that done the house up
    • Hi all I’m hoping for a bit of advice please    My husband and I are separating after 20 years together, been married 16 years this year I have a 21 year old son from a previous relationship who still lives with us in our 2 bed house which we bought in 2015.   We inherited a large sum of money back in 2017 after his mum passed away and we invested a lot into the house had it completely renovated.   The marriage has been more like a brother & sister relationship for many years and although I’d threatened to leave before I always just gave in and carried on but now I’ve had enough so have decided this is it.   I work full time, he is newly self employed and doesn’t earn as much as me therefore he can’t buy me out so he said I could buy him out.  We have 100k equity. First he agreed on 50k then he spoke to someone who said he is entitled to half of the value, not the equity so asked for 100k  I told him he wasn’t entitled, he agreed and changed back to 50k I have now got the ball rolling, been offered a mortgage and the paperwork is under way. Then he asked for another 1k which I have agreed to. I have paid out £500 to have his name removed from things so far. He has now said he thinks I’m up to something and is refusing to sign the paperwork to do with removing his name from the land registry. He says he is rethinking it and may not want to sell to me as all of a sudden he doesn’t trust me.  I keep trying to talk to him and he won’t. I’ve said my son and I need to know where we will be living but he won’t take my son into account says he’s old enough to live on his own.  We have racked up debts between us but the majority are in his name only, one of them is for sofa finance in my name only which I am keeping so he said he won’t pay that but expects me to pay half of the debts in his name as we both spent the money. My question is, can he change his mind now? Can he pull the rug from underneath me when he has agreed to sell to me but nothing is yet signed?  Is it right my son doesn’t come into the equation because he’s an adult although he’s my child and still lives at home?  We had been getting on up until this was said last night and it’s because I haven’t given in to him again I know but I need to know where I stand legally  Thanks 
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    • I sent in the bailiffs to the BBC. They collected £350. It made me smile.
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    • Hi @BankFodder
      Sorry for only updating you now, but after your guidance with submitting the claim it was pretty straight forward and I didn't want to unnecessarily waste your time. Especially with this guide you wrote here, so many thanks for that
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Good morning,

 

My father has asked me if it is possible to reclaim a life insurance policy which he took out with Friends Life, actual policy was with AXA Assurance).

 

When my father took out the policy he was not aware that the policy expired after 12 years (policy was taken out in 2004 and expired in 2016. He thought the policy was for the rest of his life and would pay out enough on his death to cover funeral costs etc.

 

I have asked him if he recalls receiving any documentation confirming this either from them directly or through the post and he does not recall receiving anything advising him an expiry date.

 

I have also personally checked through all of his paperwork and cannot find anything.

 

I am guessing I would need to do a Subject Access Request with the organisation, where would I go from here would I follow the same route as a PPI claim, what do you believe our chances would be of succeeding.

 

Any help/advice at all would be appreciated.

 

Thank you.

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yes you can treat it like ppi

but an sar is a must first yes.

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Not my subject area.

 

But can you advise the name of the product that was purchased, as someone can then look to see what cover it normally offers.

 

Was it a 12 year policy or did it finish in 2016, because your Father reached a certain age, where the type of policy is not allowed to continue ?

 

Was it a specific funeral plan type policy or was that just a feature of the cover, if you died during the period of the policy period ?

 

I have a feeling that the mention of funerals is just an example of what the policy would pay for, if you died during the policy period. It was not a policy for the rest of someones life with a guarantee of covering funeral costs. A funeral is an inevitable cost that would be incurred and after a certain age the risk increases. The premium being paid is not sufficient to cover paying out for a funeral on every policy as if that was offered, people would keep the policy going for ever, if they could afford premiums.

We could do with some help from you.

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Hi Thank you for your responses.

 

Policy is a decreasing term assurance. As far as i am aware the policy just had a set expiry date.

 

i don't believe funeral is mentioned specifically, but this was obviously my fathers understanding through how they had explained the benefits to him.

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Hi Thank you for your responses.

 

Policy is a decreasing term assurance. As far as i am aware the policy just had a set expiry date.

 

i don't believe funeral is mentioned specifically, but this was obviously my fathers understanding through how they had explained the benefits to him.

 

I might be wrong, but i thought that decreasing term policies were always for certain periods and were related to a gradually reducing mortgage balance, as it was being paid off.

 

Such policies were to cover a certain amount to cover financial liabilities if you died during the term of the policy.

 

I would not send an SAR. Your Father might want to revisit the policy documents he was sent originally to see what they say. If there is any miss selling involved, unless he can point to a letter or advert that was misleading,trying to get hold of conversation records from 12 years ago that evidenced miss selling might be difficult.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

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Hello

 

I have checked through all of my fathers documentation and he has not received any information from them relating to the policy that he is aware of.

 

The only documentation we have is what we have recently requested from them and a copy of the policy booklet which again we have only recently received. I have attached the copy of the plan which we where sent if this helps?

Documents.pdf

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The policy bought was for a specific period as shown on the document linked to. Final renewal date in 2016. It was to cover a sum of £14k in 2004 and this cover would gradually decrease over the 12 year period. It was a life cover to cover liabilities for the amount of the policy, had your Father died between 2004 and 2016.

 

I am presuming given the amount stated that he had a mortgage or loan for about £14k in 2004 and was told he needed life assurance cover. He contacted Friends life explaining purpose of requiring a policy and the deceasing life policy was offered. Normally Insurance companies have to go through an FSA (now FCA) fact find to ascertain whether the policy was best suited to his needs. I find it very unlikely that if your Father phoned them, that they did not do the fact find to make sure the policy was the most appropriate for his needs.

 

By all means send the SAR to Friends life, asking for all documents, particularly those relating to the sale of the policy, but i am not sure you will obtain anything which proves miss selling.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

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