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Article: Flexible charges for ScotEq bonds.(Scottish Equitable Life Assurance)(Brief Article)
- Article from:
- Money Marketing
- Article date:
- February 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Scottish Equitable is revamping its range of single-premium bonds to maximise flexibility for IFAs.
The new performance bond will offer three different charging structures.
These are the Initial charge version, an Establishment charge version, where charges are deducted over the first five years of the bond and the Ongoing version, in which investors pay an annual management charge.
All three options offer with-profits and unit-linked funds.
Investors can choose between ScotEq's internal fund range of 25 unit-linked funds as well as six externally managed funds
Scottish Equitable had previously only offered a bond with an ...