I had a similar problem earlier this year - I was 21 years into a 25 year endowment and was paying £70 per month - I cashed in the endowment - paid off over half my mortgage and converted the remains to a repayment

My reasons were that the surrender value was virtually the same as the money that I had paid them over the last 21 years plus the bonuses were virtually zero and the company could/would not give me any idea as to the terminal bonus expected - plus I am saving £70 per month

I DO have insurance through work though - so it was a simple decision for me

I would say that if you are hoping that things will improve on the endowment payout in the future - you are going to be extremely unhappy - have you tried the second hand market to sell your endowment ?

Do a search on TEP on the web - I was unable to find anyone interested in mine - (Phoenix)

I've recently switched to a repayment mortgage and I'm trying to decide whether it's worth keeping the endowment going or should I cash it in at this stage.

My endowment has been running for approx 12 of a 25 year period and includes life assurance. A part of me wants to keep the endowment going because although I'm on a repayment mortgage now, it does give me the option to switch back to interest only again in the future if things get difficult.

I should say at this point that I have no personal pension although I do have a company one so keeping the endowment going for it's duration may give me some extra money, I currently pay £120 per month for the endowment and I can just about manage to keep it going but I'm not sure it's worth it.

Last year I asked for a surrender value and they came back with 13k or there abouts, obviously I can do maths and I know it's considerably less than what I've paid in over the last 12 years but I know there is life assurance in with it so it has to be paid for.

I'm fully aware no one can predict the financial market so some advice on what to do would be much appreciated.

Cheers