Friends Provident raises its bond allocation rates

Friends Provident has opened a special offer period on its revamped Income Distribution Bond, as well as adding a high yield distribution fund managed by Friends Ivory & Sime. The offer period will see allocation rates raised to 101.75% from 101% for investments of between £10,000 and £19,000, 103.5% from 102% for investments of between £20,000 and £99,999, and 103.5%, up from 102.5%, for investments of £100,000 and over. The offer period lasts until 13 December. The FIS-managed High Yield Distribution fund invests largely in investment grade corporate bonds. The asset mix of the fund...