Endowment Questions

ceemac44

Hi, I'm a total newbie so forgive me if I'm trampling on protocol here as this is my first post.

I have endowment assurance with Standard Life due to mature in 2011. It's short of the original target by about 8-10k and the company have been warning me about that for at least 5 years to be fair to them. I didn't do anything about it as an old school friend had sold it to me, and although he didn't advise me correctly, I never had the heart to complain as I felt it wouldn't be right. However, the current climate is biting me hard and I need to look at my finances closely.

I would like to ask you extremely astute people ;

(a) is there any point in complaining at this stage about the endowment, and,

(b) would it be worth surrendering the endowment and putting the money into something that will yield more over the next 2years or so (it's currently worth around 15k)?

Thanks

C

spike274

I have the same questions and I'm not sure what to do either but found the info in other threads quite good. Hope its useful.

http://forums.moneysavingexpert.com/showthread.html?t=1177501

http://forums.moneysavingexpert.com/showthread.html?t=1177265