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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.

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