Major high street bank HSBC has launched a new onshore investment bond which can take advantage of up to 2,000 funds .
Designed for independent financial advisers, the investment product comes in two forms - Select, specifically for those who charge fees, and Flexible, for commission-priced consultants.
The funds incorporate the whole of the market and customers can reap the rewards of tax planning, which allows investors to take out regular withdrawals as well as make the most of their money.
Tim Potten, head of life investments for HSBC Insurance, said: "We believe we have developed a truly dynamic set of products that will enable advisers to offer customers a highly competitive bond with whole of market fund access, whether they choose to take fees or commission."
Investments fund JP Morgan Asset Management recently introduced an onshore bond offering which aims to achieve three per cent higher returns than its Merrill Lynch GBP Broad Market Index benchmark.
Onshore investments unveiled by HSBC
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Onshore investments unveiled by HSBC
Thu, 02 Jul 2009
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