The short answer is we are.

With the onslaught of the credit crunch, nearly all of the big German Banks have stopped buying TEPS for their investment funds, with the ongoing effect, purchases of endowment policies have slowed to a trickle.

We are looking for good quality endowment policies, issued by the likes of Prudential, Norwich Union, etc., maturing within the next three years, and whole life policies issued by the same Companies, where the life assured has attained at least the age of 70.