View more on these topics

Endowment policies double in 2006

The number of Traded Endowment Policies purchased in 2006 more than doubled compared to the previous year, figures from the Association of Policy Market Makers reveal.

The APMM, says the industry had experienced a record year driven by high demand for policies from overseas.

Brian Goldstein, chairman of APMM, says: “Last year, market makers saw record levels of demand for TEPs and it looks like 2007 will be an even more successful year.

The market has been experiencing massive growth since 2004 and this latest set of figures, showing numbers of policies purchased have increased by around 120% year-on-year, is quite phenomenal.

“What this means for endowment policyholders is that market makers are now in a position to pay more money than ever before for TEPs, as demand for policies continues to climb.

By selling a policy rather than surrendering it, policyholders could receive an average of 15% more money and market makers are reporting that quite often they are paying 30% more than surrender value.”


Surveyor rewards good service

Allied Surveyors has launched an awards scheme to encourage good customer service. In the first poll, the team at its Solihull office scooped the top prize for excellent customer service and helpful staff.

Money Partners Touch launches broker prize draw

Money Partners Touch, the direct-to-broker channel of Money Partners, has launched a new promotion via its website. Until April 11 2007, Money Partners Touch is giving away a prize a week to someone who registers their interest on the website.The promotion is only open to professional mortgage intermediaries resident in the UK (full terms and […]

Portman agitator unmasked

Mortgage Strategy has unmasked the man behind the Portman protest group – the managing director of the UK division of the world’s largest independent ATM provider.

piggy, cash, money

A tailored approach to protection

By Ian Smart, Product Architect, Royal London In an ideal world, clients would be able to afford as much protection cover as they wanted, but few would describe current times as anything approaching ideal. But this doesn’t mean that they have to indulge in an either/or decision that results in missing out on some essential […]


News and expert analysis straight to your inbox

Sign up