Tep players step up purchases to fill commercial gap

Two major Traded Endowment Policy (Tep) players have responded robustly to the surprise exit from the market of erstwhile competitors Policy Portfolio and Beale Dobie. Both PolicyPlus and Surrenda-link have said they see this as a commercial opportunity and are stepping up their Tep purchase programmes. Jo Bridger, marketing manager at PolicyPlus, said: "We will be buying more Teps for our fund contracts to fill the gap in the market created by Beale Dobie and Policy Portfolio. The closure of the two companies has created more demand for our products." As reported in the August edition of...