'Guaranteed profit' investments launched by Aviva
www.moneynews.co.uk > Banking > 'Guaranteed profit' investments launched by Aviva
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Money News |
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'Guaranteed profit' investments launched by Aviva
Thu 12th Nov 2009
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The With-Profit Guarantee Fund, set up following customer requests for a secure investment scheme, has a charge of 0.7 per cent levied on the investment for the first five years to guarantee the return.
The insurance firm reported in its mid-year update that its with-profit schemes had seen a strong return of 25.2 per cent, which is equal to a profit of 4.6 per cent per year, net of basic rate tax.
David Barral, marketing director at Aviva said investors had asked for a way of getting a better return on their money than with a bank or a building society, but without the risk of losing their cash.
He explained that by putting their money into the investment plan, "customers can benefit from potential increases in property and shares, with the peace of mind of a money back guarantee providing they invest for at least five years".
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Related News : Banking |
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Related News : Aviva |
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