News - Insurer suspends mortgage pledge
Tuesday, October 23rd, 2007Life insurer Standard Life has said that it is unable to keep its promise to make up the shortfall in its customers’ endowment mortgages.
Up to 600,000 investors may be affected by the insurer’s move.
In 2000, the mutual said it would guarantee its endowment policies provided it met investment targets.
However, due to what the firm […]