Friends Provident International has launched a with-profits bond offering a guaranteed first-year bonus rate of up to 10.25 per cent.
The International With-Profit Bond (Series 2) which is only available to ex-patriot clients, has an underlying bonus rate of 7 per cent a year. This is enhanced during the first year, dependent upon the size of the investment made.
For investments of £5,000 to £14,999 the guaranteed first year bonus is 8.25 per cent.
This increases in 0.5 per cent steps up to the maximum of 10.25 per cent for investments of £100,000 or more.
The bond has no initial charge or annual management fee, but there is a monthly administration fee of 1.44 per cent a year payable for the first five years.
There is also an early encashment penalty within the first five years, starting at 8.5 per cent in year one and decreasing to 1.75 per cent in year five.
The allocation rate is 100 per cent for all investments.
Standard IFA commission is 5.5 per cent although a flexible commission service is available.