Skip navigation

aap, the UK’s largest endowment policy market maker, has launched IFA FastTrack, a dedicated website which streamlines the process of valuing and purchasing a client’s endowment policy.

IFAs (Independent Financial Advisers) are increasingly being asked to advise clients on how to deal with poorly performing with-profit endowment policies. Surrendering the policy to the original issuing life company is not always the most cost-effective solution and therefore many IFAs are looking to market makers such as aap for a valuation uplift and increased payout.

IFA FastTrack offers IFAs:

• A fast, and easy to use online endowment policy valuation process, that will have the policy details on aap’s system in seconds
• Cash offer of up to 35% more than the issuing life company’s surrender value
• Cash offer for suitable policies within 48 working hours
• An efficient step-by-step online process from valuation of policy to receipt of payment, normally within 21 working days
• A dedicated IFA Fast Track team on hand to offer support


Dan Farrow, CEO of aap’s parent, the TIS Group, comments: “The market for TEPs (Traded Endowment Policies) is expected to double in the next three years as clients look to review and restructure their finances and there has never been a better time for IFAs to receive a significantly higher payout for a policy.

“aap supplies endowment policies to a number of institutional endowment policy funds and we therefore have funds readily available to buy these policies.

“Our website offers IFAs a quick and simple way to sell endowment policies enabling them to continue providing their clients with the best possible service
And with a touch of early seasonal goodwill, any IFA who registers with IFA FastTrack will receive a 25% discount voucher towards a case of wine ordered through www.virginwines.co.uk.
Further details on IFA FastTrack

--ENDS --

CONTACT
Andy Mossack
Email: andy@aap.co.uk
Tel: 020 8282 8072


ABOUT aap
aap was established in 1968 and is the UK’s oldest and largest specialist in the buying and selling of endowment policies. The company has been involved in the purchase of over £1 billion of with-profit endowments.
aap is authorised and regulated by the FSA and is a member of the Association of Policy Market Makers (APMM).

To learn more about aap go to: http://www.aap.co.uk/ifa

This press release was distributed by ResponseSource Press Release Wire on behalf of MediaCo (UK) Ltd in the following categories: Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.