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Divorcees should sell not surrender with-profits endowments

Divorced couples could receive 30 per cent more money if they sell rather than surrender their with-profits endowment policies, according to a research report by Neville James.


Neville James chief executive Morris Bisdee says: &#34Largely through ignorance, two-thirds of all policies taken out in the UK never see the end of their terms. By selling these policies, holders receive an average £1,000 more than the life companies&#39 quoted surrender values.


The Life Offices&#39 failure to point their policyholders in the direction of the Traded Endowment Policies (TEP) market, where prices paid are often much higher, is at best incomprehensible, at worst downright dishonest.&#34

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Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk

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