CMI boosts Premier Bond terms

Clerical Medical International has redesigned its Premier Bond product and replaced its guaranteed growth rate with tiered allocation rates and a terminal bonus payable from day one. A more focussed selection of funds - ranging from various denominations of offshore with-profits funds, currency reserve, bond, index-tracking and equity funds - are now available with annual management charges ranging from 0.5% to 1.5%, with the average AMC set at 1.25% or less. Allocation rates will start at 101% for investments of between £15,000 and £24,999, rising to 101.5% for amounts of between £25,...