The TEP Exchange, which provides an automated system for matching up endowment policy market makers ...
The TEP Exchange, which provides an automated system for matching up endowment policy market makers and advisers is to go to IPO at the start of September on AIM. The company has already got links with a handful of market makers, including Surrenda-Link, although it does not have the backing of the whole industry, many of whom feel that it may reduce margins on sales. More than 5,000 IFAs have registered with the company, and in the last few weeks a client section of the site has been established. This allows a potential seller or buyer of endowment policies to get a quote online, befor...
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