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Article: Society offers extra 1% on with profits; NEW PRODUCT: with profits bond.(New profits growth bond has basic rate of 5.2%)(International Pages)(Brief Article)(Statistical Data Included)
- Article from:
- Financial Advisor
- Article date:
- October 2, 2002
CopyrightCOPYRIGHT 2002 FT Business. 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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LIVERPOOL Victoria is offering an extra 1 per cent allocation on its with profits growth bond for purchases through IFAs.
The friendly society is extending this allocation for purchases and top-ups until 18 October for investments of GBP10,000 or more.
Investors in the with profits growth bond will not only receive the extra investment allocation from the start, but will have the opportunity to make regular withdrawals and are exempt from basic rate or capital gains tax on withdrawals or encashment.
IFA commission varies. Basic rate is 5.2 per cent but uplift is negotiable between the IFA and the managers. IFAs can opt for a trail commission ...