Investors should be wary of Aviva's offer to carry forward its no-MVR guarantee on with-profits bonds, warns Fraser Heath Financial Management.
The IFA firm says the offer could cause many investors to take no action, which could ultimately cost them thousands of pounds. Announcing its latest with-profits bonus rates today, Aviva revealed 50,000 with-profits bond customers will be able to take advantage of a no market value reduction (MVR) guarantee on the 10th anniversary of their investment. It also offered the option to carry forward the value of the guarantee, to protect from future MVRs. However, Miles Hendy, chartered financial planner at Fraser Heath, says investors should seek financial advice on the issue. "I'm...
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