Selling Scottish Widows Endowments
Scottish Widows With Profits Endowments
If your endowment policy with Scottish Widows is not
performing to expectations and are considering
surrendering the policy and cashing it in, then you might want to
consider selling it instead.
Read what the UK Government have to say about selling endowments
below on the right
Scottish Widows plc is a life, pensions and investment company
located in Edinburgh, Scotland, and is a subsidiary of Lloyds
Banking Group. Scottish Widows product range includes life
assurance, pensions, investments and savings. As a company Scottish
Widows has been providing financial services to the UK market since
1815 and is the most trusted life, pensions and investment provider
in the UK according to a 2010 Ipsos study.
Scottish Widows Endowment Policies That Sell
In order to stand the best possible chance of selling your
Scottish Widows endowment please take not of the points below:
- Your Scottish Widows endowment policy should be at least 5 years old.
- The Scottish Widows endowment must be 100% "With Profits" - unitised
and unit linked policies are not saleable.
- The latest up-to-date surrender value must be at least £3000
- All the required information on the endowment selling form
has been supplied by you.
Click the banner above to sell Scottish Widows endowment
Extracts From Government Publications
CP 106 "The Personal Investment Authority (PIA) issue
guidance (Regulatory Update 85) in March 2001, asking provider firms
to take steps to ensure that policyholders who were considering the
surrender of a life policy were informed that they might be able to
trade their policy instead."
COB 6.5.50R(5) "requires a firm to ensure that the
policyholder is made aware of the existence of the secondary market
and how he might access it."
"If you have a with-profits endowment policy, you may be able to
sell it on the second-hand endowment market.
If you’ve been paying in for at least seven years, you’ll probably
earn more if you sell a with-profits policy rather than cashing it