Nationwide: Investors need bond offering extra income
www.moneynews.co.uk > General finance > Nationwide: Investors need bond offering extra income
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Nationwide: Investors need bond offering extra income
Tue 29th Sep 2009
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Robin Bailey, director of insurance and investments at the organisation, made his comments following the release of the company's Legal & General Portfolio Bond.
He pointed out that many people look for a fixed level of income from investments so that they know how much money they have coming to them, something which is particularly important during retirement.
Mr Bailey added: "In a low interest rate environment, Nationwide is acutely aware of the need to offer a range of investment products that are capable of generating additional income for our investors."
The Legal & General Portfolio Bond allows customers to build up their money in a variety of ways, such as through an Isa or an open-ended investment company.
The Nationwide Savings Index decreased by five points to 77 in August, which the company stated is because the market has not stabilised yet.
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Related News : General finance |
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Related News : Nationwide |
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