Scottish Life International has launched the latest version of its safe combination bond which offers between 95-100% capital protection and potential stock market growth in the FTSE 100.
An updated edition of the UK safe combination bond provides investors in the offshore insurance bond with between 95% and 100% capital protection every three months - at which point the profit rate is reset for the next quarter – and allows client to lock in returns if they so choose.
Anyone who invests between £50,000 and £99,999 will receive a 101% allocation rate, while £ 100,000 and £199,999 is set at 101.5% allocation and any investment of over £200,000 will receive a 102% allocation rate.
If investors are unhappy investing in the FTSE 100, they could link to another stock market index or product type offered by SLI.
Charges on the Select Investment Portfolio of safe combination at 0.134% of the monthly portfolio levied each month, but if more than 10% is withdrawn in any year – or if the client dies or withdraws more than half of the investment over five years – a cash-in penalty will be imposed.
Minimum investment is £15,000 and closing date for the next quarter is 16th June, 2004 at noon.IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation