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Bond for the risk-averse

London Pacific Assurance is offering a guaranteed investment bond targeted at risk-averse investors looking for capital security and a high level of income.

The single-premium offshore bond guarantees a

5 per cent minimum income in the first year with 3 per cent in subsequent years.

Minimum investment is £5,000. For investors who do not require life insurance, the product is also available in a capital redemption format. The income can be taken on a monthly, quarterly or annual basis or rolled up to defer tax liabilities.

The bond is based in Jersey and is denominated in sterling. LPA says the bond is suitable for corporate investors, individuals or trusts.

Chief executive Brian Lee says: “The product is designed to appeal to risk-averse investors seeking capital preservation who do not want to lock into a rate fixed for the full term of the investment. We are giving security with flexibility – a winning combination for investors.”

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