Canada Life high income investment

Canada Life is offering a high yield income bond linked to the Nasdaq 100 that aims for 11% pa gross fixed income, writes Kira Nickerson. The high yield income bond, issued by the group's offshore subsidiary, Canada Life International, has a minimum investment of £10,000. Investors can also chose a monthly income option producing gross returns of 0.87%. The Platinum income bond includes a growth option in which no income is payable but the capital and growth of 35% will be returned at the end of the term if the Nasdaq does not fall more than 20% below its starting level. If the level o...