The press love a good story. One failure or disappointment is far more fun and newsworthy than a rash of minor successes where things turned out as planned. The latter is just too boring!
Endowments
If you have an endowment do not panic.
Do not just abandon it because some unknown journalist without any responsibility for advice says endowments are poor value. Some are undoubtedly very good value. There is even a strong market in second hand with profits endowments.
Uncertain? Then ask. Ask your provider, ask your adviser, or ask an IFA.
Mortgages
If you have a mortgage and want to know what you have 'got yourself into' look out your mortgage offer letter. It will tell you what you signed up to, what the interest rate is, what the penalties are for leaving - only then can you even begin to consider what to do. Changing your mind and your investment or savings strategy can often be more costly than making the wrong decision!!!
The watch word here is to analyse, do your sums, and see what is available as an alternative. Only if it is in your interests, having taken all things into account, would we recommend a change.
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