Standard Life and Legal and General among insurers to slash maturity values despite the FTSE being a near record high The millions of people who have clung on to mortgage endowment policies received more miserable news this week, with many insurers cutting payouts despite the rising stock market. The biggest endowment provider, Standard Life, said it was slicing 2% off payouts despite the 12% rise in the FTSE 100 index in 2013. A typical 25-year policy maturing this year, where the saver has dil...
Standard Life and Legal and General among insurers to slash maturity values despite the FTSE being a near record high The millions of people who have clung on to mortgage endowment policies received more miserable news this week, with many insurers cutting payouts despite the rising stock market. The biggest endowment provider, Standard Life, said it was slicing 2% off payouts despite the 12% rise in the FTSE 100 index in 2013. A typical 25-year policy maturing this year, where the saver has dil...
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