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NPI launches Portfolio Bond

NPI is launching a Portfolio Bond offering a range of ethical funds plus unit linked and with-profits investment options.


The new bond which has no upfront charges, has an annual management charge of between 1 and 1.25 per cent.


The investment options include with-profits, balanced protection, socially responsible and self selector portfolios.


The minimum investment is £10,000 with an allocation rate of 100 per cent, this rate increases to 100.5 per cent for investments of between £25,000 and £49,999 and to 101 per cent for sums over £50,000.


There is a discontinuance charge in the early years of 9 per cent in year one, decreasing by 2 per cent a year to 1 per cent in year five.


Standard IFA commission is 5.25 per cent.

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