Directors

Mark J Wayman - Managing Director has been working in the Financial Services Industry for 33 years, the last 18 years as an Independent Financial Advisor (IFA). In 1999 he established Endowment Surrender Plus which is now one of the leading traded endowment trawler brokers in the UK. A ‘trawler broker’ basically helps people wishing to sell an endowment policy get the best price by shopping around for the client to a large number of market makers. In addition Mark also looks after a number of large TEP Portfolios for his investment clients.

Mission Statement and Aims

• To increase public and commercial awareness of the flexibility and the potential investment opportunities of TEPs whilst simultaneously making it easier and cheaper for investors to safely trade within the market place.
• To provide Sellers of With-Profit endowment policies with a much more fair and efficient vehicle from which to sell their policies for more by enabling them to offer their policies directly to the investor, rather than potentially through two sets of middlemen as can currently be the case.
• To play a fundamental role in increasing the overall traded endowment market by 30% within the first two years of operation. Simply by making it possible for more policies to trade because of our low overheads, and the ease with which policies can be traded online.

Website Benefits

Investors
With access to our state of the art online Trading Platform, investors will be able to buy TEPs at a much greater discount than at present.
In addition investors will have access to a great deal more information about the policy, for instance each policy offered for sale has its own Bonus Sensitivity Table which highlights what effect changes in reversionary or terminal bonuses will have upon the performance of the policy. We also provide up to date information on the financial strength of the various Life Companies.

The taxation of TEPs can also affect the potential return on an individual policy and investors will for the first time be able to view the potential tax liability of a policy based upon their own financial circumstances. By simply completing the income section on the account creation page each policy will automatically calculate the potential tax liability and even suggest the best way in which to purchase the policy in order to reduce/negate any tax liability.
Another unique benefit of having an account with us is that all liabilities are stored in an individual account file and will be automatically be taken into consideration when purchasing further TEPs in the same financial year.

Sellers
For those looking to sell their endowment policy the UKEndowments.com website offers the ideal platform from which they can achieve the best price for their unwanted policy.
Using regularly updated market data our online valuation system will advise the potential seller firstly whether a policy is tradable or not and if tradable, will advise the seller of the price we believe is realistically attainable for their policy.
Policies entered onto the Policy List are available to be seen by hundreds of individual and many large professional buyers, and although in most cases we cannot guarantee a policy will find a Buyer we only value policies that we expect to attract a Buyer quickly and most policies are sold within a few days of entering the Policy List.
Once submitted to the Policy List the Seller will be informed when a Buyer has been found for their policy.

Summary

We are confident that the revolutionary UKEndowments.com Trading Platform will create a much fairer and clearly defined TEP market which will benefit both Sellers and Buyers.