IFAonline investigation: charges confusion "may have created endowment shortfall"

Mortgage endowment policies sold in the late 80s and early 90s may be suffering an investment shortfall now because the charges providers quoted in policy projections were much lower than the charges companies actually imposed. Documents obtained by IFAonline suggest life insurers and endowment providers who sold products between 1988 and 1994 believed, until recently, they were not allowed to disclose the true charges of policy projections because they were only permitted to use the industry standard Life Assurance and Unit Trust Regulatory Organisation (Lautro) rules. As a result,...