Canada Life Onshore Investment Bond launched
www.moneynews.co.uk > Banking > Canada Life Onshore Investment Bond launched
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Money News |
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Canada Life Onshore Investment Bond launched
Mon 16th Jan 2006
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The Canada Life Onshore Investment Bond is a linked unit of life and non-qualifying life assurance policies.
The Canada Life Onshore Investment Bond is available as a deferred option, which has no annual management charge (AMC) for the first five years, or a level option, which has a 0.35 per cent AMC for the lifetime of the bond.
John Pyburn, marketing director at Canada Life, said: "Using criteria selected by Defaqto the deferred option would be ranked in the top ten per cent of bonds and the level option in the next 15 per cent, giving indicative star ratings of 5 star and 4 star respectively, both scoring particularly well on overall flexibility."
Furthermore, the bond has received a high rating from Defaqto, the independent research company.
Mr Pyburn concluded by saying that both bonds were "competitive" and that it was "one of the most flexible contracts available in the market today".
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