Treasury Select Committee key findings

•The FSA estimates that 3.5 million policyholders were mis-sold mortgage endowment products. Compens...

•The FSA estimates that 3.5 million policyholders were mis-sold mortgage endowment products. Compensation and fines paid relating to mortgage endowments so far amount to more than £800m. • According to committee chairman John McFall, between 1999 to 2002, when the industry was going downhill, CEO pay increased by 58% at Legal & General (L&G), 45% at Aviva, 52.5% at the Prudential, while the CEO at Standard Life saw a 71.9% increase in pay. • According to a FSA survey, one-third of customers who were contacted said they were dissatisfied with the care and information they received with r...