Tep market maker Shepherds has moved into trading unitised with-profits policies. As the pool of con...
Tep market maker Shepherds has moved into trading unitised with-profits policies. As the pool of conventional endowment policies begins to dry up, the Tep industry is moving to find other sources of policies to trade in. Unitised with-profits have, over the past 10 years, largely taken over from sales of conventional with-profits policies. However, until now policyholders wanting to exit these policies have not been offered the selling option, according to Shepherds. Roger Lawrence, actuarial director at Shepherds, said: "It has long been an anomaly of the market that unitised policyhold...
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