change endowment

nickj_2

at the moment i have an under performing by 10kfriends provident endowment ,
it has to pay off 40k mortgage ,
can i transfer it to any other fp products that will give me a better return

dunstonh

The endowment is just a tax wrapper. It doenst make or lose money. It is where you invest within the endowment that matters and most FP endowments offer a range of funds which you can utilise.

You need to find out if your endowment is a single fund option or has access to a wider fund range. Most of the FP endowments have access to the FP internal life fund range. It's not the greatest range by modern standards but should offer better potential than the with profits fund which many find themselves in.