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Eurolife launches investment bonds for IFAs

Eurolife is launching a range of investment bonds to the IFA market.

The range includes a five year Capital Protected Bond Isa, a One-Year Plus Guaranteed Bonus Bond and an International Zero Risk Capital Bond for the offshore market.

The Capital Protected Bond Isa provides 100 per cent return of capital after five years with the potential of 60 per cent growth depending on the performance of the Nasdaq 100 stockmarket technology index, which includes companies such as Microsoft and Intel.

The return of up to 60 per cent will be based on the performance of the index at the end of the term on a one to one basis.

The bond Isa is available until April 5, 2000 and IFA initial commission is 3.5 per cent.

The One year Plus Guaranteed Bonus Bond pays 9 per cent net provided the FTSE 100 stockmarket index does not fall by more than 10 per cent during the course of the year. But for every 1 per cent fall in the index the return will reduce by 1 per cent.

The guaranteed bond is an ongoing investment with new bonus rates declared each year.

The bond pays IFA commision of 2 per cent initial and 1 per cent renewal.

The minimum investment is £5,000 and the maximum is £500,000.

The International Zero Risk Capital Bond is similar in design to the Bond Isa offering a return of up to 60 per cent gross depending on the performance of the Nasdaq over five years. The only difference is the bond can be denominated in either sterling or US dollars and as an offshore products returns are paid gross.

Eurolife managing director David Wootton says: “We have a reputation for developing cost-efficient, no-frills products.

“We are able to achieve such good rates and low costs simply because we have no salesmen, no branch network, no broker consultants and a highly efficient centralised administration processing system.”


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