Invest in TEPS before orphan assets all find a home, says PATF

The Protected Asset TEP Fund (PATF), a leading fund investing in traded endowment policies, has urged investors to consider TEPs as a low-volatility asset class with excellent prospects on the back of the news from Norwich Union that policyholders – which includes the Protected Asset TEP fund - are set to receive windfalls of between £400 and £3,500.

Alastair Beattie, a spokesman for The Protected Asset TEP Fund, said: “The CGNU deal may well be the first boulder in the rockslide. Now that Norwich Union has made its move, other insurers will be motivated to follow suit and announce their own plans for re-attribution.

“The Aviva re-attribution of orphan assets is extremely positive news for our Fund and investors. Other life offices may well follow suit – and as Norwich Union accounts for 15% of the policies in the Fund, the re-attribution will have a significant impact on the share price

“We’re expecting this to feed through to the share price once the funds are paid to PATF next summer – so investors interested in TEPs as an asset class need to enter the market before that time in order to reap the rewards of our low volatility Fund which has excellent prospects as a result of this news.”

For more information visit patf.co.im