Case Studies

The following are real cases and represent a small number of cases, which demonstrate the level of compensation award you can expect to secure when Oasis Financial Services Limited successfully stake your claim.

Mr & Mrs A

Mr & Mrs A were 1^st time buyers. They had a very ‘risk adverse’ attitude to investments nevertheless they were sold an endowment in January 1994. By using a Mortgage Endowment Questionnaire it was established that the policy was too high risk for them. As their was nothing to support the firm’s view that the couple had been prepared to accept the risk associated with endowments the case was upheld.

Compensation £6709.69

Mr & Mrs C

Mr F & Miss C were 1^st time buyers. When they were sold their policy they were not informed of any alternatives. There was no mention that the endowment may not cover the loan and therefore they didn’t question it. Having already complained to the endowment provider they contacted Oasis. The complaint was upheld and the couple got £6109.18 compensation

Compensation £6,109.18

Mrs O

Mrs O was single at the time she was sold her endowment. She recalls the salesperson telling her that she would have all the extra bonus money to have a wonderful time with. Her policy runs into retirement and now she is facing a shortfall. On her Mortgage endowment questionnaire she describes herself as ‘risk adverse’. The firm has no evidence that her attitude to risk had been properly assessed and agreed with Oasis that the endowment was not suitable for her. Compensation £7920.82.

Compensation £7,920.82

Mr & Mrs T

Mr & Mrs T’s worst nightmare occurred on 8^th December 2004 when they received a ‘Red Alert’ letter telling them there was a high risk their endowment would not pay off their mortgage. At the time of sale their attitude to risk was not discussed and they were advised that the endowment was guaranteed to pay off the mortgage and give them a nest egg. Although the endowment runs into their retirement they had made no plans on how continue to pay the endowment as this was dismissed by the advisor as being ‘not a problem’ Oasis took on the case and won the clients £6,428.32 in compensation.