endowment policy

[mindbullets]

i have a small endowment policy which im thinking of surrendering back to the standard life its currently worth �1600 ,but when i last spoke to them they mentioned that they (standard life)may well be demutuallising(sp) in the near future,so,in laymans how would this affect me and would i be better off keeping this policy until then?

thanks

[BenDToy]

Just my personal opinion, but there are a couple of things to make you aware of. Firstly, I think that surrendering to the issuer is not a good idea. If you must get rid of it, sell it to a 3rd party. Subject to some qualifying conditions, you will almost certainly get more for it. Secondly, Std Life are almost certain to demutualise in the next year or so. If you are a member, which is likely, then you will get some sort of payout. Not perhaps as large as you would have got last time it was discussed, but a payout all the same. I would hold on for that before doing anything.