MGM Assurance has launched a capital investment bond offering access to the group's unit trust range...
MGM Assurance has launched a capital investment bond offering access to the group's unit trust range.
The MGM Celebration Bond, launched on 1 July to tie in with the group's 150th anniversary, is an onshore, non-fixed term product.
The trusts include European Growth, International Bond, International Equity, North American Growth, UK Growth and Special Situations.
Those investing in the MGM Bonus Growth fund, the group's unitised with-profits vehicle, will also take a share of the mutual life office's profits.
Minimum investment is set at £7,500, with a 96.5% allocation rate for investments of less than £10,000 for clients aged under 75 years and 95.5% for clients aged 76 to 84 years. This rises to 100.5% and 99.5%, respectively, for investments of between £10,000 and £24,999, reaching a maximum allocation rate of 102% and 101%, respectively, for sums of £100,000 or more.
This is enhanced by 1% if the regular income option is not taken and a loyalty bonus of 2% of the fund value is offered for investors holding the bond for 10 years or more.
Contact: 01903 836365.
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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