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PIA agrees guidance on endowments

The PIA has finally agreed to issue guidance to life offices requesting that they tell endowment customers looking to surrender their policy about alternative options. Following months of pressure from market-makers and MPs, the PIA said this week it will request life offices to inform endowment holders of the possibility of selling their policy on the traded endowment market. The guidance is likely to be included in the PIA&#39s regulatory update to life offices within the next few weeks.

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Aon Consulting calls for immediate abolition of MFG

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