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Neville James offers 20 per cent more on Teps


Traded Endowment Policy specialist Neville James says its customers are receiving 20 per cent more than the surrender value on traded policies.


The Tep specialist says it paid on average £1,980 more than the surrender value on policies traded during June, compared to the industry average of £1,500.


Neville James marketing manager Helen Langton says: &#34This has been an unusual month, in so far as we have seen an exceptionally high number of large policies. In one case we paid £7,650 above the surrender value.


&#34Demand from investors for Teps has significantly increased and market makers such as Neville James are being increasingly competitive in their pricing.&#34

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