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Beale Dobie in drive for new Tep gearing service

Traded endowment policy market-maker Beale Dobie is offering a guide to its new

service which enables investors to use a Tep as security to gear investments.

The Beale Dobie Tep gearing plan offers loans that are secured against a Tep. It allow investors to borrow up to 90 per cent of the surrender value of their policy, which can then be used to invest in additional policies.

The service comes with a free guide explaining the benefits of gearing and where to obtain a loan.

The plan means that investors can increase the extent of their investment in Teps although the Tep selected will have to perform better than the interest paid on it for the scheme to be worthwhile.

Investment manager Tracey Merritt says: “Teps are deemed such a secure investment that a number of institutions offer loans against their value. Our new service makes it easy for investors, through their financial adviser, to take advantage of the gearing opportunity. The plan is easy for an adviser to administer and pays full commission on all policies purchased.”

KS Barratt & Associates proprietor Kim Steven Barratt says: “Gearing your investments can be a risky business. There is always the chance that interest rates are going to go up on the money borrowed and, with markets not surging, you would have to be very careful as to the Tep that you selected to get a positive return.”


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