A Colchester accountant with over thirty years experience of the financial services industry has used his knowledge to set up a new Website that helps consumers calculate the status of their endowment policy.

“I’ve used my professional and personal experiences of endowment policies to set this site up. It gives a calculation that will help people understand the position they’re in with regards their endowment policy. For anyone who doesn’t have the information to make this calculation, the Website gives the procedures for obtaining essential facts from the insurers”, said Derek Adams.

Colchester solicitors Thompson Smith & Puxon have provided legal advice on the terms and conditions that are flagged up for users of the new Website (http://www.checkyourendowment.co.uk) which does not give financial advice.

Derek Adams trained as a chartered accountant and then worked for Barclays Financial Services for twenty-five years, selling endowment policies when they were first launched in the 1960’s. He then worked as an adviser on the Government’s Pension and Investment Authority Review before running an endowment mortgage complaints forum in the City of London on behalf of Oxford Actuary Consultants plc, consultants to the financial services industry.