Scottish Life International has launched the third series of its Income & Growth Bonus Bond with ret...
Scottish Life International has launched the third series of its Income & Growth Bonus Bond with returns linked to the FTSE 100, S&P 500 and Euro Stoxx 50.
The series, which is being sold exclusively through IFAs, offers investors the choice of gross income of 10.3% paid each year over three years, 2.25% gross income each quarter for three years, or 33.25% fixed gross growth.
The series three is open to investors between 30 October and 15 December and has a minimum investment of £10,000. There is no front end charge, policy fee or annual management fee and IFA commission is 3.25%.
Investors who submit applications to Scottish Life International's Isle of Man office before midday on 17 November will receive a bonus of 0.45% of their initial investment. A bonus of 0.25% will be paid to investors submitting application between 17 November and midday on 1 December.
The combined sales of series one and two sold in excess of £113m. The bond has two safety nets which allow the full return of capital even if the indices to which returns are linked falls by up to 30%. The bond is designed to return full initial capital providing none of the three indices fall by more than 30% during the lifetime of the product.
Even if one or more of the indices falls by more than 30% provided all three indices have recovered their initial values at the end of the term full initial capital is repaid.
Compared to 6% of 55-64 years olds
Sam Gold and Doug Abbott to take reins
Bionic advice for private clients
Creates £11bn asset management business