Back in business?


    With-profits endowments are going nowhere fast. The problem is twofold: while on the one hand there is billions of pounds worth of client money still sitting in them, their popularity has been waning for many years, meaning providers have little motivation to focus any attention on the product. Even though they are no longer a popular option, there are millions still in operation – 2m matured in 2013 alone. But performances vary wildly from provider to provider, gone are the days when they were the ‘guaranteed’ way to pay off a mortgage, and increasingly more providers are closing their books to new business.

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