Standard Life brings out its first ever with-profits bond on 1 August offering an allocation rate of...
Standard Life brings out its first ever with-profits bond on 1 August offering an allocation rate of 102%. It has a minimum investment of £10,000 and a maximum of £500,000. Top up contributions must be in tranches of £1,000. The product carries a bid/offer spread of 5% with no explicit annual fee. Advisers have the option of taking 6.25% initial or 4% initial with 0.5% renewal. They can also take a combination of these two. Standard Life believes its financial strength, as an AAA-rated institution by Standard & Poor's, means the bond will have a higher exposure to equities than those of...
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