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To sell a Clerical Medical endowment
policy use the flashing button at the top of this page.
Clerical Medical is continuing to reduce payouts to savers with its
longer-term with-profits plans. The Halifax/Bank of Scotland-owned
insurer is the latest with-profits company to cut payouts to savers for
the second time this year.
On the positive side, the company has stopped cutting back its annual
bonuses, although because of cuts made earlier this year, some annual
bonuses are now as little as 0.5%.
Final bonuses for some of the shorter-term plans have risen, but only
slightly.
The market value reduction, which is a percentage penalty factor applied
for premature withdrawal from the with profits fund, has also been
reduced. The maximum market value reduction is now 15%, charged on
with-profits bonds taken out in 2000.
Selling endowment
Selling endowment to one of only six endowment policy traders that
are members of the Association of Policy Market Makers, can be
achieved by using the "sell endowment" link at the top of the page, or
by clicking here
The information on this web site is intended as
"information only" and should not be taken as "advice".
If you are unsure about what to do, if anything,
about your endowment policy, you should consider taking advice from an
independent financial adviser who is regulated by the Financial Services
Authority
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