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TEPs can help the property ladder climb, says Policy Portfolio

With parents expecting to give their children almost £24,000 to help them get a foothold on the property ladder, traded endowment policy specialist Policy Portfolio is suggesting that parents consider investing in TEPs to be assured of a guaranteed minimum sum to assist their offspring.

Brian Goldstein, managing director of Policy Portfolio, says: “With the average mortgage repayments predicted to rise this year to 20.8% of the average income in London and the South-East, many parents will want to plan ahead to help their children meet some of the cost of joining the property ladder. One solution may be to invest in TEPs.

“The advantage of TEPs lies in their built in security: once given, bonuses allocated throughout the investment term cannot be taken away. They are guaranteed and in many cases these bonuses are greater than the amount paid for a TEP so the initial investment cannot be lost.”



Tenet networks to get facelift

Tenet&#39s IFA networks M&E and Interdependence are having an image shake-up to reflect the different values of the two brands and encompass new developments within each. By reinforcing the values Tenet is acknowledging the individuality of the two networks, which appeal to different adviser groups, rather than following the industry wide trend of grouping companies […]

AXA launches network for tied agents

AXA has launched a mortgage and general insurance network for its tied agents. The network is the latest addition to AXA Mortgage Solutions which launched last year. The scheme already offers access to mortgage and protection sourcing software as well as support and packaging services. AXA spokesman Peter White says: “We have applied to the […]

Experian launches national credit score for consumers

Experian yesterday announced the launch of the National Credit Score. This service will provide UK consumers with access to their credit score and an at-a-glance summary of theircredit status based on information held on their full Experian creditreport. Consumers in the UK have an average of five active lines of credit and the national consumer […]

Moneyfacts name top 35 mortgage lenders

Moneyfacts has carried out its half-yearly survey of mortgage interest charged by the Moneyfacts Top 35 mortgage Lenders. The Moneyfacts survey shows the total interest paid on a standard variable rate mortgage of £100,000 between July 1 2003 and June 31 2004. HSBC has knocked Egg off pole position, but the increases in Bank base […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]


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