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Liverpool Victoria adds to with-profits stable

Liverpool Victoria has added the with-profits growth bond to its stable of with with-profits bonds.

This with-profits growthbond invests in Liverpool Victoria&#39s with-profits fund and is suitable for investors who are looking for growth over at least five years. A withdrawal option is also available and clients are allowed to take up to five per cent of the amount invested each year without penalty. If the amount they withdraw exceeds five per cent in the first five years, they must pay a charge. The charge is nine per cent in the first year and reduces by 1.5 per cent until year six, when no charge is made.

Investors who would prefer a low to medium risk investment to gambling on the stockmarket would find this an attractive product.

This fund has a monthly fund management charge of 0.057 per cent that is taken before the bonuses are determined and there is a monthly charge of 0.075 per cent of the bond value during the five year term.

However, IFAs may find that clients that have been used to seeing the exact balance of their building society accounts could find the lack of transparency that is a characteristic of with-profits could be off-putting.


M & G – Global Financials Fund

Monday, 29th January 2001.Aim: Growth and income by investing in companies related to the creation and delivery of financial products and services.Minimum investment: Lump sum £500, savings plan lump sum £500 monthly £10, Isa lump sum £100 monthly £10.Investment split: 100 per cent in companies related to the creation and delivery of financial products and […]

Twefs offers education guide

Tunbridge Wells Equitable Friendly Society is offering a guide to inform young people about the costs of higher education. The move is in response to a recent Mori poll which found that the average student owes £3,300 and expects to be £7,000 in debt by the time they graduate. Twefs&#39 Brief Guide to the Financial […]

Society lending down in December

Lending by building societies plummeted at the end of last year with net advances falling by £278m from £961m in November to £683m in December, according to the Building Societies Association. The BSA says the drop reflects the removal of Bradford & Bingley from the monthly survey, following its conversion to plc status at the […]

Offshore security

Neville James has introduced the secure capital growth fund, an offshore Oeic that invests in traded endowment policies (Teps) and zero-dividend preference shares. Looking at how the fund fits into the market, Ball is enthusiastic. He says: “It is excellent for the risk-averse investor looking for capital growth with minimal downside risk.” Bulgin says: “This […]

UK gilts: Shaken and stirred

Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]


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