Scottish Mutual launches new Income Bond

Scottish Mutual has launched a new Income Bond linked to the performance of 30 selected stocks, 15 from the FTSE 100 and 15 from the Standard & Poor's 500. Nick Kelly, product development manager at Scottish Mutual comments, "We have chosen 30 stocks from well established, successful companies spread across a number of sectors in the UK and the US, ranging from consumer good producers to heavy industries. We have included some of the well-known names such a Shell, Cadbury- Schweppes, British Telecom, Merrill Lynch, Exxon Mobil Inc and Microsoft". With a minimum investment of £5,00...