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CIS makes platinum bond transparent

CIS is making changes to its Platinum Bond Plus with-profits bond to make it more transparent.

The bond now has a one-off charge of 4 per cent and there are no annual charges, bid-offer spreads variable initial allocations or exit penalties.

The annual bonus rate remains at 5 per cent and is guaranteed for the whole first year of the plan. A special bonus of up to 2.75 per cent will be added to the policy on the first anniversary.

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