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PIA to issue TEP guidance

The PIA has finally agreed to issue guidance to life offices requesting they inform endowment customers looking to surrender their policy of the alternative options.

Following months of pressure from market makers and MPs, the PIA said this week it will request life offices 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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