Baronsworth launches fourth product tranche

Baronsworth has launched the fourth series of its Combination Investment product. Half of the investor's capital is invested in a three-year guaranteed income bond from Pinnacle Insurance and the other half in a with-profits fund managed by Legal & General. The Pinnacle bond offers 5.75%pa, free of basic rate tax, while the return on the L&G fund depends on the bonuses declared, although a rate of 5.75% is to be held until 31 December 2002. Income from the three-year guaranteed bond is paid annually, but income from the with-profits fund can be taken on a monthly, quarterly, half-ye...