We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Traded Endowment Policies (TEPS)
BrettP
Posts: 6 Forumite
Does anyone have any experience of TEPS? The Royal Bank of Scotland have sent out warning letters to investors relating to TEPS bought through Integrity. Does anyone have any advice to offer around this?
0
Comments
-
Are you on about buying TEPS or a TEPS fund or selling?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
Hi - My parents invested a lot of their savings in buying a TEPS portfolio from Integrity via their (trusted) IFA. My mam has now received a letter from the Royal Bank of Scotland expressing concern of a possible shortfall and saying my mam may need to reduce her loan balance. They say the revised loan balance is higher than the current surrender values/net security values of her remaining policies. My father died last year and so my mam is now extremely worried - plus the IFA has not got back to her yet. Any advice on what she needs to do?? Thanks!0
-
I bought some TEPs and was very disappointed by the returns.
Without details it is difficult to comment but I would suggest there is little your mam can do, other than sell at a loss or hold and hope."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards