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Pru axes endowments

Prudential is joining the ranks of life offices withdrawing endowment mortgages.


The provider has around 300,000 endowment policyholders, but a recent drop in demand has forced it to join Nationwide, Halifax and Barclays and others in deserting the market.


But Pru-owned Scottish Amicable will continue to sell endowments despite widespread reporting of potential return shortfalls.

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