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Survey shows reasons for trading endowments

Changing financial circumstances and switching from an endowment mortgage are the two main reasons for selling endowment policies, a survey shows.

The survey, of 594 consumers, conducted for Surrenda-link by Earsandeyes Global Online Research, showed that 41 per cent of people cited changes in financial circumstances as the most likely reason for selling an endowment.

Surrenda-link marketing manager Matthew Roche says: “We have seen in recent months that interest in Tep investment funds is on the increase as they are seen as providing better than average returns in an economic climate of lower investment returns.”

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