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CLI launches new portfolio bond

Canada Life International has announced the launch of a new portfolio bond, the first of four products in CLI’s ‘dimensions’ product range, to be released in November.

The dimensions preference account provides investors access to an extensive menu of top performing funds, coupled with the ability to benefit from generous fund discounts, according to CLI.

CLI says it is confident that its flexible commission and charging options, set within a competitively priced structure, makes for an extremely attractive proposition to both financial advisers and policyholders alike.

Canada Life International managing director Tony Parry says: “The preference account is the result of extensive research into the current portfolio bond market in the UK. It is our belief that the new product will appeal to both financial advisers and investors alike, not only because of the flexibility of the product from a charging and commission point of view, but also because efforts have been concentrated to ensure that the preference account is competitive from a cost perspective – a key driver in this extremely competitive market.”

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