Two investors who had taken out an endowment assurance with profits from MSV Life and Bank of Valletta have filed a judicial protest complaining that the maturity value including revisionary bonus was unreasonably different from the estimated maturity value given at the time of the sale.

The original Estimated Maturity Value including Revisionary Bonus and Terminal Bonus was Lm5,471.16 ( €11,082 and €12,744).

The values were subsequently revised downwards by MSV in July 2010 and July 2013 and last month MSV informed them that the sum they would be paid would be €8,141.61, which was 36% below the estimate.

They investors said the variance between the estimated and the actual sum was such that it could not be considered acceptable in the context of legal requirements that information had to be clear, correct and not misleading.