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Clerical opts for flexibility on bonds

Clerical Medical is offering four bond products designed to appeal to particular market segments and give IFAs flexible commission rates.

They are the flexible, with-profits, investment and distribution bonds.

The flexible bond gives investors the choice of the whole range of funds covering unit-linked funds and with-profits. There is a range of charging structures and 12 free fund switches a year.

The with-profits bond is designed to be clear and simple, with a single annual charge of 1.3 per cent.

The investment bond is a unit-linked investment with an initial charge of 1 per cent and access to a wide range of funds. Investors can make up to 12 free swit ches a year.

The distribution bond has a choice of charging structures and is designed for investors wanting a regular income as well as growth.

Clerical is running a special offer until March 30 on the flexible, with-profits and investment bonds.

The flexible and with-profits bonds will receive an extra 2 per cent allocation rate and the investment bond an extra 1.5 per cent.

All new bonds have a top-up facility, withdrawal options and commission flexibility.

For example, on the flexible bond, IFAs can choose 4.125 initial commission and 0.25 renewal commission or 0.75 per cent initial and 1 per cent renewal.

Senior sales development executive Richard Edwards says: “We have stripped out the charges on the with-profits bond to make one very simple charge. We are offering ultimate flexibility and value for money, with something to appeal to all clients.”


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