Who pays the compensation on miss sold mortgage endowments does this come from savings unrelated to mortgages?

Question

When the goverment forced insurance copanies to pay out compensation for miss sold mortgage endowment policies, is it true that the money to pay the excess is taken from bonuses to ordinary endowment savings accounts and that those in these saving accounts are the actual ones who suffer iat the end of the day.

Answer 1

Adverts-- on the t.v are talking all the time about getting tin touch with them. can't think of any off the top of my head right now but keep an eye out for them or do a google search on the net...