Aegon Scottish Equitable International has relaunched its 5 for Life investment product with access to 50 new funds.
Originally launched in September 2006 as a “third way” flexible annuity-type product, the offshore investment bond now offers links to over 50 funds from leading fund managers, with access to money at any time and a guaranteed minimum income of at least 5% of the initial investment for life. The product is designed for investors who are at or nearing retirement but it is not a pensionable product. Unlike a traditional annuity, any assets remaining in the fund at death can be left to the holder’s beneficiaries. Advisers can choose one of four “tailored” portfolios offering set equity/bond ...
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