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Canada Life bond offers 11% income

Canada Life is offering 3.5 per cent commission on its new income bond

issued through offshore subsidiary Canada Life International.

Minimum investment in the platinum bond is £10,000. Income can be received

annually at 11 per cent gross or monthly at 0.87 per cent gross. A growth

option giving a potential return of 135 per cent is also available.

Canada Life is giving bonuses for early investors which will increase the

original investment by up to 0.6 per cent. The offer closes on June 21.

Return of capital is linked to the Nasdaq 100 index. If the level of the

index on July 28, 2003 is no more than 20 per cent lower than on July 28,

2000, clients will receive a full return of capital on the maturity date of

August 28, 2003.

Executive director (IFA division) Neil Stevens says: “This is the 10th

income bond issue that Canada Life has launched and it supports our

position as one of the UK&#39s premier income planning providers.”

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