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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