ScotFriendly with-profits

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Scottish Friendly is launching a with-profits bond with a bonus rate of 6% guaranteed until January ...

Scottish Friendly is launching a with-profits bond with a bonus rate of 6% guaranteed until January 2001. The product, the Growth & Security Bond, has a minimum initial investment of £3,000. It also has a regular withdrawal option for monthly, quarterly, half yearly or annual income. The minimum regular withdrawal is £50. IFA commission is 5.25% initial and there is no renewal. There is no automatic penalty for early encashment of the bond but Scottish Friendly said it reserves the right to apply a market value adjustment on withdrawals. No adjustment will be applied on the fifth and 10th...

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