Guide makes gearing TEPs easy

Gearing a portfolio of traded endowment policies has become increasingly popular in the United Kingdom and a new guide for IFAs makes it even easier. TEP market maker Policy Portfolio has produced the guide and the company's managing director Brian Goldstein says it "will help financial advisors understand gearing, how it works and more importantly how it can help their clients". Offshore and UK banks will often lend up to 90% of the surrender value of TEPs enabling investors to combine their investment capital with a bank loan, secured against the portfolio of TEPs. Gearing theref...