Product category:
Savings and investment
News Release from: Standard Life Bank | Subject: Investment Bonds
Edited by the Insidemoneytalk Editorial
Team on 28 April 2008
Testing the water during market
volatility
Many people choose to invest their money in cash funds when the market goes through a period of uncertainty.
This low risk approach doesn't necessarily make for the best returns in the long term, but it provides an alternative option for clients who may be deterred by volatility in financial markets Standard Life has added a new feature to their Capital Investment Bond (CIB) that allows clients to take a more cautious approach to fund switching
This article was originally published on Insidemoneytalk on 3 Apr 2007 at 8.00am (UK)
Related stories
Standard Life Bank extends Freestyle Professional Mortgage range
Standard Life Bank is today extending its popular Freestyle Professional Mortgage range, launching a new two-year fixed rate mortgage with the option of offsetting.
Standard Life Bank adds Offset to 2-year fix
Standard Life Bank has launched an Offset feature on all new 2 year fixed rate residential mortgages.
The Phased Investment option works by switching pre-arranged amounts every three months from the Standard Life Sterling Fund into other funds of the client's choice.
Iain McLeod, Head of Savings and Investments at Standard Life explains, "The Phased Investment option on our bond means that clients can now invest their money in our Standard Life Sterling Fund and then gradually phase their money into potentially riskier funds.
This can help to reduce the timing risk associated with switching the whole investment on the same day.
This feature has been launched to provide additional flexibility in uncertain markets and to meet the needs of our advisers and clients." Further information on the Phased Investment option can be found on Standard Life's dedicated site for advisers at: http://www.adviserzone.com/pdf_library/cib37.pdf.
Advisers can also access new briefing cards and sales aids covering the Capital Gains tax changes and how they affect Investment Bonds.
An online calculator is available to help advisers provide their clients with the appropriate advice.
Go to: http://www.adviserzone.com/index.php.
• Standard Life Bank: contact details and other news
• Email this article to a colleague
• Insidemoneytalk Home Page
