100% Unit Linked Endowment

janesilver

Hi

I have an endowment policy (commenced 1992, due to mature 2017), no longer linked to a mortgage and on which I have received compensation for mis-selling.

I obtained a surrender value, now also want to look at selling on the open market. Is it possible to do this for 100% unit fund linked policies, or do endowment buyers only buy "with profits" policies?

Any advice on this is much appreciated.

JS

castle96

think you will find buyers only want with profit, as the bonuses are guaranteed once allocated. With u/linked, the value of the units can go down (and up)

dunstonh

I obtained a surrender value, now also want to look at selling on the open market.

You cant. Unit linked funds have a daily value. So, if I wanted £x in the same unit linked fund you have I would buy them at the daily price. There is no need for me to pay you more to buy your ones.

There also insnt much of a third party market on WP plans either nowadays.

janesilver

Thank you both for the quick responses.

JS