Baronworth has launched the fifth version of its Combination Investment, which invests 50% of assets...
Baronworth has launched the fifth version of its Combination Investment, which invests 50% of assets in a two-year guaranteed income bond and 50% in a with-profits bond.
The two-year guaranteed income bond is with Countrywide Assured and offers 6% per annum free of basic rate tax, equivalent to 7.5% per annum gross, payable annually, or 5.84% per annum free of basic rate tax, equivalent to 7.3% gross, payable monthly.
Income is fixed and the return of capital is guaranteed. The other half of the investors assets is placed in the Prudence With-Profits Bond, which pays 5.7% per annum, free of basic rate tax, equating to 7.12% gross, until February 2003. Bonus rates after that date will be announced at that time.
Minimum investment is £12,000 with a maximum subscription of £500,000. A commission-sharing arrangement with intermediaries means that varying levels are available.
The closing date for investments is Friday 10 May but is limited to investors between the ages of 18 and 89.
Contact: 020 85181218
Industry Voice: Scottish Widows pension expert Robert Cochran and economist Andrew Scott discuss the future of employment and income, in episode three of Scottish Widows' podcast series.
What made financial headlines over the weekend?
Follows McVey's resignation
Schroders and Aviva Investors