Endowment News

Surrendering your endowment is only one option says APMM

03/06/2008

As times become hard for those worst affected by the credit crunch, APMM – the Association of Policy Market Makers – is urging people who hold endowment policies to consider the other options available before surrendering them.

As people tighten their belts in order to keep up with soaring mortgage rates and higher food prices, APMM understands that many might be trying to find ways of scraping together some cash, and that getting rid of their endowment policy might seem like an easy option. more

Standard Life admits 930,000 endowment shortfalls

Standard Life has confirmed that 93 per cent of its estimated one million endowment policyholders will face shortfalls on maturity, with 85 per cent classified as red, which means they face a 'significant' deficit.
Fairinvestment.co.uk: Shortfall expected for 86% of endowments

More than 10 million mortgage endowment policies are thought to have been sold in the UK during the '80s and '90s. Originally thought to be a good investment for homeowners, endowment policies offered a way to pay off the mortgage and potentially have surplus cash left over.
Bonus Rate increase on Royal London with-profit endowments

Royal London, the UK’s largest mutual pension and investment company, has increased final bonus rates on some of its with-profits endowment policies for 2007 to 25 per cent..