Friends Provident has launched an investment bond enabling investors to benefit from stock market gr...
Friends Provident has launched an investment bond enabling investors to benefit from stock market growth, while guaranteeing the return of the original investment upon death.
The Protected Investment Portfolio Bond offers access to 14 life funds and provides a guaranteed minimum payment on death of 101% of bond value or the original investment amount, whichever is higher.
Further features are the access to socially responsible investment opportunities, availability of regular withdrawals, ability to write on a single or joint life basis and tax-efficient options.
Christine Foyster, head of wealth management marketing at Friends Provident, said: "The Protected Investment Portfolio Bond offers advisers and customers a wide choice of bond options, without compromising all the beneficial features of the flagship Investment Portfolio Bond. The bond has been designed in response to feedback from many IFAs."
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October