Scottish Legal Life is now offering clients an extra 2% allocation into their Guaranteed Investment ...
Scottish Legal Life is now offering clients an extra 2% allocation into their Guaranteed Investment Bond if they place their applications through their website rather than by the traditional route.
The decision to add a higher allocation on this single premium unit linked bond follows a similar deal last month, say officials, which offered an extra two per cent allocation on applications for the Mutual Investment Bond through www.scotlegal.com.
Allocations of 102% will be placed on investments under £5,000, rising to 104% for sums between £5,000 and £9,999.
Allocations increase again to 105% for investments between £10,000 and £19,999, 106% for investments between £20,000 and £49,999, 107% for investments between £50,000 and £99,999 and 108% for sums over £100,000.
SLL is offering 100% money back guarantee on the bond's fifth anniversary, together with 70% of the unlimited potential growth of the Higher Yield Fund.
Minimum investment is £3,000.
Jamie Nicoll, Head of Marketing at Scottish Legal Life, says: "We recognise the importance of the internet as a marketing tool and intend to pass on the lower costs of this channel directly to our customers by improving the terms of the products we market online."
Scottish Legal Life, the friendly society which has over £245 million of funds under management, announced just days ago it would be cutting its direct sales force and targeting the IFA sector.
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