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TEP market maker targeting young policies

Traded endowment policy market maker Neville James is looking to buy unitised and unit-linked policies that have been running for less than 10 years. Neville James says its trading platform is currently experiencing a high demand from people wanting to buy policies of this type. It is offering IFAs £50 commission for each policy bought and providing free quotations. It says selling a policy on the open market can often be more profitable for clients than surrendering it to the issuing life office.

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