Axa Sun Life is to launch an income option for its existing with-profits bond product, writes David ...
Axa Sun Life is to launch an income option for its existing with-profits bond product, writes David Griffiths. The option, to be called the With Profits Income Bond, launches this week and will give investors an alternative to the existing structure which offers an annual bonus of 5%. The new version will offer an annual bonus of 6.25% and a slightly lower payout on maturity. It will allow investors to take a higher level of income during the life of the bond without eating into their capital. The minimum investment in the new option will remain at £5,000. There is an introductory of...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes