Halifax under fire on endowments - papers 11 January

The issue relates to BF clients who have had their claims upheld by the lender, but which subsequently have had to wait as long as six months to receive their cash, the paper writes. BF takes a 25% cut of any compensation awarded, the Telegraph says. ”We have supplied Halifax with all the information they need to settle these claims quickly, yet they are still refusing to pay out money they have admitted is due to clients,” says BF claims director Ian Allison. . The Telegraph reports Halifax’s view, which is that settelements can take time because of reliance on third party data, s...