MetLife is making its first move into the Jersey market with the launch of guaranteed growth and guaranteed income bonds.
Both products are set for launch imminently. Minimum investment is £10,000.
The growth product offers a choice of three BlackRock portfolios – defensive, conservative and cautious. All capital is protected and growth is locked in at the anniversary of the contract.
The income product also uses the three BlackRock portfolios and is guaranteed not to fall in value, irrespective of investment conditions.
The firm has appointed Paul Frankland as sales development manager. Frankland joins Met-Life from Aviva, where he was investment sales manager. He has worked in Jersey for the past 17 years in financial services.