The Endowment Diary

The Endowment Diary

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The Endowment Mis-selling Debacle - one of the UK's worst financial scandals

Saturday, August 07, 2004

It seems that it is not just the hapless endowment mortgage owner who is being hit by underperforming endowment products.

It is reported that Policy Portfolio and Beale Dobie, two specialist firms which buy up people's unwanted policies and sell them on to other investors, will no longer be buying endowment policies; and would sell off their current stock.

Policy Portfolio and Beale Dobie are owned by Investec.

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