Multi-income option available on FRIENDS Wealth Solutions Bond

Friends Provident, the FTSE 100 life and pensions company, has added a multi-income option to its recently launched FRIENDS Wealth Solutions Bond, as part of its plans to boost its investment bond offering.

Investors can now invest in up to five income distribution funds at a time. There are 13 different income distribution funds to choose from (up from 8) making it the largest choice in the investment bond market. Unlike most other bonds, investors are not limited to choosing funds that have the same distribution frequencies.

Key Benefits:

Being the FRIENDS Wealth Solutions Bond:

If an income is no longer required investors can switch to any of the accumulation funds instead. (Once in the first 5 years – unrestricted from then on) There are now 150 accumulation funds to choose from.
A loyalty bonus in year ten
Added benefit from the recent commission flexibility options to control the charging structure.

Mel Rees, investment proposition manager at Friends Provident, said: “The multi-income addition to FRIENDS Wealth Solutions Bond means investors have a wider range of options to choose from.

They can now invest in up to five distribution funds from a large choice of funds. We’ve introduced this option as part of our commitment to meeting current needs – one of which is to allow the investor more flexibility and choice”.