While many other investment types have suffered as a result of the changing economic climate, the TEP market has benefited, with reduced risks and increased potential returns
Over the past few years the changes to the financial markets and the economic climate have made investors re-evaluate expectations from their investments. The traded endowment policy (TEP) market has not been immune and has experienced some of the most significant changes since the introduction of market makers to the market over 14 years ago. The main impact reduced the risk and increased the potential future returns associated with TEPs. This has been achieved due to changes to the life office's asset mix, distribution of bonuses, calculation of surrender values and reduction in bonus ...
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