A spokesperson for Prudential commented at the time: "We apologise to Mr Katz for the delay in paying his funds at a time of need and for the difficulties he experienced in trying to contact us.
"We have reviewed his policy to ensure that he has experienced no financial loss as a result of the delay and offered him compensation of £350 for the trouble and upset caused."
Article continues after advert
simoney.kyriakou@ft.com
Page 2 of 2