SL IM buys PolicyPlus and Freetrawl

Traded endowment policy (TEP) manager SL Investment Management has bought its competitor PolicyPlus.

The acquisition includes Freetrawl, an online endowment trading platform for IFAs.

SL Investment Management started Britain’s first TEP fund in 1992. It has previously invested in the TEP Exchange as part of its involvement in endowment policy trading.