Baronsworth has launched the fourth series of its Combination Investment product. Half of the invest...
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-yearly or annual basis.
The product has a minimum investment of £10,000 up to a maximum of £500,000 for a single life investment and £1m for a joint life investment. The last day for accepting investments is 7 December. Contact: 0208 518 1218.
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