Endowment policy fees...really?

Immensely_Saddened

25 year endowment policy coming to fruition this year Probably going to get as much out of the policy as we had paid in over the years, ok we knew that, but they will deduct fees from the payout which I really object to.  Fees for what exactly, they obviously haven't managed the policy as the value hasn't moved despite buoyant markets over the  25 years...ill managed or forgotten? Can I refuse to pay these fees?  We were probably missold the policy in the first place but that boat has floated.
Any advice?

dunstonh

 Probably going to get as much out of the policy as we had paid in over the years, 

That would be unusual.  Investment returns on endowments bog standard funds (i.e. not self selected) tends to be pretty average around the 5-6% p.a. mark.   The problem with endowments was not the returns but the target growth rates.

but they will deduct fees from the payout which I really object to. 

I am not aware of a single provider that charges a fee on maturity.  Can you name them and the amount of the fee?

.  Fees for what exactly, they obviously haven't managed the policy as the value hasn't moved despite buoyant markets over the  25 years

That suggests a problem as the values of investments have zigged zagged away over the 25 years and if your value has remained unchanged then that is clearly a mistake.

Can I refuse to pay these fees?  

Until we know what fees you are talking about, we cannot say.

Old_Lifer

Is it really an endowment or is it a whole life policy which is coming towards the end of its premium payment term and where a Market Value Adjustment is currently being applied  but at the end of the payment term there is a short period of a month or so when the MVA would not be applied ?    If it is unit-linked what is it invested in ?