Scottish Legal Life Assurance Society is offering a second unit-linked
guaranteed investment bond for cautious investors.
Scotland's 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.”