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LivVic delivers income

Liverpool Victoria has introduced a with-profits income bond with an initial bonus rate of 4.25 per cent.

The bond is for single premiums from £10,000 to £500,000 and has a minimum 100 per cent allocation for most clients.

It features an MVR-free guarantee on death and a two-year smoothing policy so investors are not affected by previous poor returns. Income is delivered through regular withdrawals.

Intermediary division director Rye Mills says the bond will appeal to those in or near retirement who need income but also want the reassurance of investing in a balanced portfolio.

The bond will invest in a portfolio chosen for its income-generating prospects, with around 30 per cent in high-yielding equities, 30 per cent in corporate bonds and 40 per cent in property.

Mills says: “Our new with-profits income bond reinforces our commitment to the with-profits bond market and aims to complement our existing growth bond by providing IFAs&#39 income seeking clients with a higher rate of income when they need it.”


Fundsdirect secures further IT link-ups

Fundsdirect has struck deals with Synaptic and systems provider 1st Software to give direct access to the platform to more than 20,000 IFAs. Fundsdirect says the integration of its platform with 1st Software&#39s adviser office product – a client management system – will enable IFAs to link from their back office to its wrap service, […]

Mortgages for Brits in South Africa

Overseas mortgage specialist Conti Financial Services is launching a new mortage product for UK residents who want to buy in South Africa. The new scheme introduces the option of Euro, Sterling or SA Rand mortgages, with rates from approx 4.85% variable in Euros, approx 6.70% variable in Sterling and 15.00% variable in SA Rand The […]

Lending still smashing records

Mortgage lending continued to hit record levels in October, according to the Council of Mortgage Lenders and the Building Societies Association. Total CML gross lending in October rose to £27.5bn, up by 8 per cent from September&#39s £25.4bn and up by nearly a third on last October&#39s £21bn. The BSA says society gross advances reached […]

Dressed for the weather

No outfit is too outrageous for one Wolverhampton-based IFA. The firm&#39s managing director, who shall remain nameless, was due to set aside his trademark purple velveteen suit and don his sou&#39wester and sturdiest shoes to help present the local weather forecast from the firm&#39s office as part of the BBC&#39s Children in Need campaign. The […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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