MetLife launches investment bond with guarantees

The Guaranteed Investment Bond is the group's first new product launch into the bonds market since the CGT changes in last year's budget. A single premium unit-linked insurance plan, the bond will provide a choice of guarantees with a minimum investment of £10,000 and terms ranging from seven to 20 years, the company says. Investors have the potential to lock-in gains every two-and-a-half years and are guaranteed to receive back at least their initial investment minus any withdrawals. They can also withdraw up to 5% of their initial investment each year free of charge, MetLife explains. ...