A pensions company has launched a new investment bond that aims to allow investors to benefit from stock market growth and guarantees return of the original investment on death.
The Protected Investment Portfolio Bond is a method that can be used to supplement a pension and is available from Friends Provident.
Designed to appeal to the cautious consumer, the pension investment will provide access to 14 life funds and offers a guaranteed minimum payment of 101 per cent bond value on the original investment value.
Christine Foyster, head of wealth management marketing at Friends Provident, commented: "This bond has been designed in response to feedback from many IFAs, whose customers are seeking to protect their investment and ensure their families inherit as much as possible when they die."
The investment has several features for those interested in various solutions for their pensions.
These include a minimum payment on death, the opportunity to spread the investment across a range of funds and access to socially responsible investment opportunities.
Friends Provident is a life and pensions provider and offers a range of solutions to the consumer including portfolio and investments UK planning and tracking tools.
Pensions company launches new investment product
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Pensions company launches new investment product
Thu, 19 Oct 2006
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