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Scottish Life offers second tranch of income growth bond

Scottish Life is issuing the second series of its an income bonus bond which will offer an income of 9 per cent over the next five and a half years.


The bond also has a quarterly income option which offering 2.125 per cent of net investment each quarter.


The bond is linked to the investment performance of the FTSE and the Swiss index the SMI.


Investors receive their net investment in full in addition to any income taken provided that the FTSE 100 and the SMI grow by an average of 5.87 per cent over the life of the bond. The rate is 5.5 per cent for the quarterly income option.

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