Royal & Sun Alliance endowment - cash-in or make "paid up"?

itm

I have a disastrously-performing with-profits endowment policy with Royal & Sun Alliance. Having made payments of more than £22,000 into the fund since starting it in April '97 (about £200 per month), the fund was recently valued at about £8,500. I tried to obtain compensation from the Finance Ombudsman but they adjudged it not to be appropriate.

I now no longer need the policy for my mortgage, and don't see any point in wasting any more money on it, so was wondering whether it would be best to cash it in, or to make it "paid up" and see what it's worthr in 2022. Does anyone have any views? It being a post-97 policy I haven't been able to find a buyer for it, so I guess these are my only two options?

Any opinions gratefully received....

dunstonh

There have been a number of recent threads on R&SA endowments. I suggest you read those for what the general feelings and options are.