The FSA's proposals addressed to life companies this week have been applauded by Brian Goldstei...
The FSA's proposals addressed to life companies this week have been applauded by Brian Goldstein, managing director of Policy Portfolio, the founder of the Tep market. The proposals suggest life companies must advise policyholders planning to surrender their endowments that they may be able to sell their policies to Tep market makers for a sum greater than the surrender value. Goldstein explained: "This is good news for policyholders and investor alike. Each year thousands of policy holders decide to cash in their policies - for many reasons including divorce, redundancy etc - a...
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