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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


Scottish Friendly reports record sales

Scottish Friendly sales leapt 40 per cent over the first six months of 1999 compared to the same period last year according to the company.The friendly society reported a record increase in life and pensions sales of £1.8m to £6.2m from £4.4m over the same period last year.Scottish Friendly puts these record sales down to […]

Gan and Lombard to have joint executive

French insurance giant Groupama-Gan has restructured its UK businesses under a joint executive team.The insurer which owns both Lombard Insurance Group and Gan plans to integrate their executive teams from each of the companies, with Tony Lancaster becoming chairman and chief executive.Lombard General&#39s managing director Kenneth Maciver will assume the role for the UK business.New […]

Consumers need lessons on tax affairs according to tax specialists

Taxation specialist i.e.taxguard is calling on the Government to instigate a broad based education programme to help people with their taxes.It says there is a need for education to prevent millions of people being fined for not properly understanding their tax returns.Research by the tax specialists found that more than two in five people find […]

Gross building society lending up for third month

Building society gross mortgage lending grew for the third consecutive month in June according to latest figures from the Building Society Association.Gross advances were up 12 per cent in June to £2,664m from £2,370m compared to the previous month.But approvals – loan applications which have proceeded to the next stage – were down by £129m […]


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