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Keydata 7.5% income from life policies

Keydata is offering the second tranche of its secure income bond with 7.5 per cent annual income for five years by investing in life policies.

The bond offers income without stockmarket exposure and features a full capital return. It is a closed-ended product using traded life policies as an asset class with a five-year term.

Keydata says the first issue was successful because issuers of the insurance contracts must have a minimum Standard & Poor’s A rating and because advisers are looking for income through diversified means. The offer is opens from September 19 until November 4. Comm- ission is 3 per cent plus 0.5 per cent trail.

Sales director Mark Owen says: “The bond has been successful because advisers can offer their clients a higher level of income and a lower level of risk. Investors are attracted to an asset class without the volatility and unpredictable returns offered by equities.”

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