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Scottish Mutual Intl takes WP plan into Germany

Scottish Mutual International is taking its guaranteed with-profits plan into the German market for the first time.

The plan has a choice of investment return guarantees ranging from 117.5 per cent of the original investment after eight years to 135 per cent after 15 years.

As a special offer, SMI is increasing the allocation rate by 1 per cent for investments of euro75,000 to euro149,999 and 3 per cent for sums over euro150,000 for applications received by June 11.

Regular withdrawals are allowed of up to 7.5per cent a year. Annual bonuses are currently set at 4.25 per cent for euro investments and 4.75 per cent for sterling. A terminal bonus may be added subject to market conditions. This is currently at a rate of 1 per cent on death only.

European sales manager Andrew Stones says: “We are delighted to launch this new plan into the German market. Stockmarket volatility makes the absolute cash guarantee after eight years an important feature for advisers and investors in Germany.”

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