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Standard Life bond sales pass 1bn

Standard Life bond investments passed 1bn this year, the highest annunal investment in its range since launch.

The provider says this represents a 40 per cent increase in the amount invested for the same period in 2004.

Standard says its bond sales have been improved by the several product changes this year including improved allocation rates for investors, an increased range of funds, launching the Standard Life investments select property life fund and the Britannic UK property life fund and the introduction of free switching.

Standard Life product marketing manager for savings and investment Gerry McGrath says: We are delighted to break the 1bn barrier in bonds sales for this year we have made a lot of enhancements to our bond offering in the last year and we are now reaping the benefits. The capital investment and distribution bonds offer customers choice whether their investment is for future or immediate income.


Brown sinks Sipps

Chancellor Gordon Brown has axed property Sipps in a shock U-turn that consigns two years of hype and millions of pounds to the scrapheap. In his pre-Budget report on Monday, Brown stripped away tax relief on residential property going into pensions after A-Day and branded it a prohibited asset class incurring tax. The shock move […]


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