Friends Provident Guaranteed Bond introduced

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Friends Provident Guaranteed Bond introduced

Thu 15th Feb 2007

The Friends Provident Guaranteed Bond has been launched and is aimed at those customers who require a guaranteed return as well as investment in stock markets.

Its launch comes in the wake of research undertaken by the FTSE 100 life and pensions company that highlighted a demand for guaranteed returns on investments - 62 per cent spoke of a desire for this type of product.

Customers can expect to get their money back, at the earliest, after five years or alternatively when they die, resulting in an inheritance.

Christine Foyster, head of wealth management at Friends Provident, said: "People are increasingly looking for a secure investment for the future. The guarantee is especially reassuring for those who want to earmark the money for a future inheritance."

The Friends Provident Guaranteed Bond provides customers with the option of using an online facility in order to view the progress of the product and the bond will be invested in the Capital Assured Fund.

This fund comprises the Barclays Dynamic Tracker Fund and a "special fixed interest investment" which is the element of the bond that gives customers the guaranteed return.

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