The Financial Services Authority (FSA) has fined Winterthur Life £500,000, plus £57,000 costs, for mis-selling mortgage endowment policies between March 1998 and December 1999.
The FSA said Winterthur was in the process of contacting the 10,000 customers that have been affected by the mis-selling and that it had put aside £10m for redress.
Winterthur withdrew from the endowment market in July last year.
Winterthur has established a helpline for policyholders: 0800 138 0290.
It is open from Monday to Friday between 9am and 5pm.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
