Bookmarks

Yahoo Gmail Google Facebook Delicious Twitter Reddit Stumpleupon Myspace Digg

Search queries

wwwchildsexcom, conradelektronik detektiv anwesend?, pro vorsorge plus 4u liberty Europe fonds, einkommensteuervorauszahlung in skr03 buchen, einkommensteuer vorauszahlung buchen skr 04, was bedeutet über eine etwaige verrechnung des restguthabens mit gegenansprüchen erhalten sie eine besondere mitteilung, daumenschiene auto fahren, bverwverfg, steuerbescheid verrechnung des restguthabens mit gegenabsprüchen, verzugszinsen deliktsrecht

Links

XODOX
Impressum

#1: Terminating an endowment

Posted on 2006-07-17 21:31:41 by Colin Wilson

(reposted from The Motley Fool - looking for advice please !)

I have a small mortgage (swapped to a repayment about 3 years ago) that=20
is not reliant on an endowment scheme I got when I first took out a (re)
mortgage 15 year ago.

I haven't looked into mis-selling "compensation" as yet, as I needed the=20
mortgage situation resolving quickly following the breakdown of a=20
relationship - I don't recall being offered a repayment option at the=20
time. I don't know whether the lack of a repayment alternative (I stayed=20
with my existing mortgage lender) might count as mis-selling.

The payments are only small, around =A328 a month, but the projected=20
payout at the end of 25 years is, to be blunt, as bad as the reports in=20
the press - in that it would appear i'd be lucky to get =A312k back on a=20
=A322.5k policy.

The endowment statement isn't clear about figures, and "promises" =A37k at=
=20
the end of the period with =A33k in bonuses, without saying whether thats=
=20
the position as it stands now with monies already paid, or if I pay into=20
the scheme for another 10 years.

I don't really know what options are available by way of terminating the=20
policy, or whether its possible to leave it as-is without making further=20
payments (is this known as "paid up" ?)

Does anyone have any experience of surrender values through Prudential ?

Thanks

Report this message

#2: Re: Terminating an endowment

Posted on 2006-07-19 20:35:47 by xyz

Its clear you are unsure what to do, and no decent adviser (IFA) can tell
you without knowing more. Suggest you try IFAP (www.unbiased.co.uk) and
search for a fee based IFA near you. It might cost you £200-£300 only you
can decide if it is worth it, but based on a 22.5k policy you the fee is
only 1-2%.

I am writing this as an experienced and highly qualified IFA, who never sold
endowments as they represented bad value for money. I am impartial as are a
lot of other IFAs.

&quot;Colin Wilson&quot; &lt;<a href="mailto:void&#64;btinternet.com" target="_blank">void&#64;btinternet.com</a>&gt; wrote in message
news:<a href="mailto:MPG.1f25f5f6abb4b3bd989774&#64;news.individual.net..." target="_blank">MPG.1f25f5f6abb4b3bd989774&#64;news.individual.net...</a>
(reposted from The Motley Fool - looking for advice please !)

I have a small mortgage (swapped to a repayment about 3 years ago) that
is not reliant on an endowment scheme I got when I first took out a (re)
mortgage 15 year ago.

I haven't looked into mis-selling &quot;compensation&quot; as yet, as I needed the
mortgage situation resolving quickly following the breakdown of a
relationship - I don't recall being offered a repayment option at the
time. I don't know whether the lack of a repayment alternative (I stayed
with my existing mortgage lender) might count as mis-selling.

The payments are only small, around £28 a month, but the projected
payout at the end of 25 years is, to be blunt, as bad as the reports in
the press - in that it would appear i'd be lucky to get £12k back on a
£22.5k policy.

The endowment statement isn't clear about figures, and &quot;promises&quot; £7k at
the end of the period with £3k in bonuses, without saying whether thats
the position as it stands now with monies already paid, or if I pay into
the scheme for another 10 years.

I don't really know what options are available by way of terminating the
policy, or whether its possible to leave it as-is without making further
payments (is this known as &quot;paid up&quot; ?)

Does anyone have any experience of surrender values through Prudential ?

Thanks

Report this message

#3: Re: Terminating an endowment

Posted on 2006-07-20 09:20:52 by Irma Troll

xyz wrote:
&gt; Its clear you are unsure what to do, and no decent adviser (IFA) can tell
&gt; you without knowing more. Suggest you try IFAP (www.unbiased.co.uk) and
&gt; search for a fee based IFA near you. It might cost you £200-£300 only you
&gt; can decide if it is worth it, but based on a 22.5k policy you the fee is
&gt; only 1-2%.
&gt;
&gt; I am writing this as an experienced and highly qualified IFA, who never sold
&gt; endowments as they represented bad value for money. I am impartial as are a
&gt; lot of other IFAs.

Ignore this troll - an IFA will rip and bleed you and give you any
advice to line his/her pocket.

Irma

Report this message

#4: Re: Terminating an endowment

Posted on 2006-07-21 08:06:52 by Derek Way

If you would like to provide details of your policy on our website
www.policysalesdirect.com I will see if it has any extra value over and
above surrender value, which may give you another option of selling it.

DWW
&quot;Colin Wilson&quot; &lt;<a href="mailto:void&#64;btinternet.com" target="_blank">void&#64;btinternet.com</a>&gt; wrote in message
news:<a href="mailto:MPG.1f25f5f6abb4b3bd989774&#64;news.individual.net..." target="_blank">MPG.1f25f5f6abb4b3bd989774&#64;news.individual.net...</a>
(reposted from The Motley Fool - looking for advice please !)

I have a small mortgage (swapped to a repayment about 3 years ago) that
is not reliant on an endowment scheme I got when I first took out a (re)
mortgage 15 year ago.

I haven't looked into mis-selling &quot;compensation&quot; as yet, as I needed the
mortgage situation resolving quickly following the breakdown of a
relationship - I don't recall being offered a repayment option at the
time. I don't know whether the lack of a repayment alternative (I stayed
with my existing mortgage lender) might count as mis-selling.

The payments are only small, around £28 a month, but the projected
payout at the end of 25 years is, to be blunt, as bad as the reports in
the press - in that it would appear i'd be lucky to get £12k back on a
£22.5k policy.

The endowment statement isn't clear about figures, and &quot;promises&quot; £7k at
the end of the period with £3k in bonuses, without saying whether thats
the position as it stands now with monies already paid, or if I pay into
the scheme for another 10 years.

I don't really know what options are available by way of terminating the
policy, or whether its possible to leave it as-is without making further
payments (is this known as &quot;paid up&quot; ?)

Does anyone have any experience of surrender values through Prudential ?

Thanks

Report this message

#5: Re: Terminating an endowment

Posted on 2006-07-21 10:43:09 by MM

On Fri, 21 Jul 2006 07:06:52 +0100, &quot;Derek Way&quot;
&lt;<a href="mailto:policysalesdirect&#64;btopenworld.com" target="_blank">policysalesdirect&#64;btopenworld.com</a>&gt; wrote:

&gt;If you would like to provide details of your policy on our website
&gt;www.policysalesdirect.com I will see if it has any extra value over and
&gt;above surrender value, which may give you another option of selling it.

I've just had a look at that URL. Crikey, there is no way I would
consider entering all my details, plus the policy details into an
unknown web page. It doesn't even appear to have the &quot;secure&quot; padlock
set!

MM

Report this message