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Bond offers four strategies

Friends Provident is introducing a new lump-sum savings vehicle designed to provide investors with flexibility and choice.

The investment portfolio bond is offering an extra allocation of up to 2.25 per cent on the sum invested during the offer period up to November 9. Standard allocation is 100 per cent.

The bond enables the investor to select from four ready-made portfolios or tailor the fund selection to meet their own preferred risk spectrum using a range of 16 funds.

The ready-made portfolios include a cautious portfolio which aims for long-term capital growth and a balanced portfolio which balances investment performance with stable longer-term growth.

A managed portfolio offers balanced exposure to worldwide investments while an ethical portfolio is made up of a range of ethical equities and bonds.

The bond has no initial charge and offers an income withdrawal and share exchange options. Minimum investment is £5,000.

Investments of between £10,000 to £19,000 receive an extra 1 per cent allocation during the offer period, sums between £20,000 and £99,999 attract an extra 1.75 per cent while investments over £100,000 receive the full additional 2.25 per cent.

Managing director (retail operations) Ben Gunn says: “The investment portfolio bond offers the customer flexibility, a wide range of fund choice and a simple charging structure backed by our desire to provide strong investment performance.”


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