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Friendly society bond for cautious investors

Scottish Legal Life Assurance Society is offering a second unit-linked


guaranteed investment bond for cautious investors.


Scotland&#39s biggest friendly society is offering a “cast-iron” guarantee


that at least the initial capital invested in the bond on the fifth


anniversary of the policy will be returned.


Minimum investment in the bond is £3,000.


Investments of more than £5,000 made bef ore April 28 will get a 1 per


cent early-bird enhanced allocation.


For investments after April 28, the enhancement is halved to 0.5 per cent


for investors signing up before the end of May.


Scottish Legal has about 200,000 members and more than £250m under management.


Marketing manager Fiona Eaton says the bond provides a safe and simple


investment opportunity for risk-averse investors.


She says: “The opportunity to invest in the potential of the UK


stockmarket with the security of a cast-iron guarantee on the fifth


anniversary of the bond gives the product a combination of benefits that


are hard to beat.”

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