The company has set aside over £3 million to buy TEPs this spring.
The announcement is good news for anyone looking to sell their endowment, as over recent years the number of individuals and funds looking to buy TEPs has dropped significantly.
Shepherds is growing its fund as traded policies offer very good value at the moment, with the majority having a guaranteed maturity value that is more than the purchase cost, and more than the policyholder would receive if they surrendered their policy.
Steve Abraham, Managing Director, Shepherds, comments: “TEPs look set for quite a dramatic comeback in 2004 as there is an abundance of cheap policies available. Equally, TEP performance is likely to improve as the equity market becomes increasingly buoyant. Whilst not universal, we can see examples of the market turning already, with companies such as Britannic, one of the UK's smallest quoted life assurers, announcing that it will resume dividend payments and annual bonuses for most of its 1.3 million policyholders.
Anyone looking to sell their endowment can call 020 7398 4500 or visit: www .shepherds-group.com
