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
cashing in endowment
johngh
Posts: 1 Newbie
I have a Friend Provident endowment, with approx 3 years left to run.
Looking at what I would pay in for the rest of the term (£100/month) , and what the value may be at the end of term, the math suggests I might as well cash it in now.
I understand I could accept a cheque from FP, or I could sell it to a broker .... and perhaps get a bit more cash.
Anyone got any recommendations, bad / good experiances of selling to a broker ??
Looking at what I would pay in for the rest of the term (£100/month) , and what the value may be at the end of term, the math suggests I might as well cash it in now.
I understand I could accept a cheque from FP, or I could sell it to a broker .... and perhaps get a bit more cash.
Anyone got any recommendations, bad / good experiances of selling to a broker ??
0
Comments
-
Its very unlikely that your calculaton is correct. Changes are you are not included the cost of the surrender. Post your calculations so we can verify them.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
-
I have a Friend Provident endowment, with approx 3 years left to run.
Looking at what I would pay in for the rest of the term (£100/month) , and what the value may be at the end of term, the math suggests I might as well cash it in now.
I understand I could accept a cheque from FP, or I could sell it to a broker .... and perhaps get a bit more cash.
Anyone got any recommendations, bad / good experiances of selling to a broker ??
I used apmm.co.uk and they distributed the details of the endowment to interested parties. Decided to go with Policy Plus as they gave the highest offer.
I got £1400 over the S.V. Have no complaints with them at all. Seem very professional.
It's going through at the moment. Takes about a month.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards