I have just received my statement from Phoenix re a 20 year mortgage endowment (previously held with Scottish Provident) The predicted return over the 20 years is only 6.3%!!!! or 0.29% pa!!

Fortunately I have already gone down the misselling route with my bank (who "supplied" the endowment) and been compensated (altho' not very much - ~ £1k) Also I received a cash sum from Scot Provident to give up my membership rights about 7 years ago; this raises the return to ~ 67% , a little better altho' still considerably less than the original "expected " sum to cover the mortgage debt. If you haven't been timebarred from a misselling claim - go for it!!

I've just (today) received my Britannia mortgage endowment statement. I pay in £390 per year on a 25 year policy. That will be a total of £9,750 paid in. The return is forecast to be...£10,700.

That is 9 per cent in 25 years. Approximately 0.3 per cent per year. I don't mean to be disrespectful to the experts that Britannia/Phoenix employ, but they could get more in the Post Office.

That is 25 years which will have seen many stock market booms. I really find it hard to believe that they can only manage 0.3 per cent.

Does anyone know how much they gouge from me in fees? Is anyone in the same position with the Britannia (which does not want to know)?

It seems that Britannia/Phoenix just see we customers as captives to be ripped off for fees - because I can't believe that 0.3 per cent per year is the best they can do.