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SPI and Aberdeen offer tech bond

Scottish Provident International and Aberdeen Asset Management are teaming

up to offer a technology bond.

SPI says the bond provides a tax-efficient means of accessing Aberdeen&#39s

technology investing expertise.

The bond starts next month and minimum investment is £10,000.

The initial fee is 6 per cent, with a fund-based annual management fee of

1.98 per cent of the investment fund.

The bond is being marketed as a tax-efficient way for savers to top up

their Isa investments. Investments can be phased over 12 months to

potentially take advantage of pound cost averaging.

SPI director of marketing and corporate development Bryan Low says: “If

customers have reached their Isa limit, we are giving them the chance to

have access to a high-performance fund which should give them an excellent

return for their investment.

“We have a long established relationship with Aberdeen and we are

delighted to promote this fund to our customers via IFAs.”

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