Endowment payouts cut despite stock market soaring – The Guardian

Standard Life has cut payouts on endowment policies by 2%. Photograph: David Sillitoe for the GuardianThe millions of people who have clung on to mortgage endowment policies received more miserable news this week, with many insurers cutting payouts despite the rising stock market. The biggest endowment provider, Standard Life, said it was slicing 2% off payouts despite the 12% rise […]