Royal & Sun Alliance is expanding its range of investment bonds with its lifestyle bond.
This single premium investment bond has 20 fund links, including unit linked funds, income distribution funds and a with-profits fund. With-profits bonuses can be reinvested into the various unit-linked funds that cover a range of sectors and risk profiles.
Investors can base their investment on a lower risk with-profits fund and can build upon this by investing their bonuses into more specialist, higher risk funds such as the EuroTech fund.
The bond was designed to allow investors to easily switch between the various types of funds as and when their circumstances change. It allows 12 penalty free fund switches a year, which is an attractive feature, particularly for investors who want to build up their investment for retirement.
It is suitable for investors who are seeking growth and income and the flexibility that allows it to encompass more adventurous funds may appeal to younger investors too.
According to Standard & Poor's the Royal & Sun Alliance FTSE All Share tracker fund is ranked 106 out of 233 funds based on 233 funds based on £1,000 invested on a bid to bid basis with net income reinvested over three years to January 8, 2000.