mortgage endowments

Around one in ten of the rising number of complaints made to the Financial Ombudsman Service concern advice given by independent financial advisers, the body reveals.

Prudential has maintained the annual bonus rates on its with-profits policies but suggests conditions are improving as the average MVR on the Prudence Bond has now fallen to 2.5%.

Barclays is the latest firm to impose a timebar on mortgage endowment complaints for policies advised by Barclays Life and Woolwich Life.