ENDOWMENT policyholders face yet more misery with their mortgages this week, says the Times, as an a...
ENDOWMENT policyholders face yet more misery with their mortgages this week, says the Times, as an announcement from the Financial Services Authority is expected to worsen the crisis and projected shortfalls. A change to the rates of return that providers use to project potential returns is being altered for with-profits endowments, suggests the Times, because insurers have had to change the content of such funds over recent months. Latest estimates indicate there are more than 2.9m with-profits and unit-linked endowments which are unlikely to meet their target. Similarly, ho...
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