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TEP FAQs

Here are some frequently asked questions and answers which should help you understand more about this service.

Who and what is the TEP Exchange?

The TEP Exchange is an online exchange for Traded Endowment Policies (TEPs). Featuring a highly advanced trading platform, The TEP Exchange links Market Makers and IFAs in an environment where they can buy and sell TEPs efficiently and quickly.

The TEP Exchange provides an online trading platform for Market Makers and IFAs to conduct deals and does not buy or sell TEPs.

What type of policies can be traded on The TEP Exchange?

All with-profit endowments can be traded. There is no minimum surrender value or minimum term.

Who is able to deal on The TEP Exchange?

Only those firms authorised to conduct investment business in the UK, as a firm of Independent Financial Advisers (IFA), are able to deal on The TEP Exchange. If you are not authorised as an IFA, please consult the non-IFAs page on our website. The TEP Exchange is not authorised to deal directly with members of the public.

However, the quotation system on this site allows you to receive an instant valuation of your policy based on offers from several major buyers (Market Makers). Once you have received your quote, you will then have the option of proceeding if you wish.

How does The TEP Exchange system work?

When you submit your details they are securely passed on to an IFA - in this case Fair Investments Ltd - who uses the TEP Exchange on your behalf.

The IFA will then submit your policy details to The TEP Exchange, a sophisticated matching engine, which contains the market makers' buying criteria. The best offers are then instantly displayed on the system. The highest price can then be accepted or declined.