IFAs flock to TEP Exchange

The group reported that last month saw the highest number of registrations for a single month, which it puts down to the recent ruling from the Financial Services Authority (FSA) regarding endowments, and the statistics released by the Association of British Insuers (ABI) on endowment policy projections.

There have been around 22,000 policies submitted for sale through the TEP Exchange, equalling almost £230 million worth of endowment policies, since launch.