Aegon has launched a new investment product that guarantees income over 20 years for customers.
The Investment Control bond has been boosted by a secure income option that provides customers with the knowledge that they will get an income of five per cent on their investment .
Any further capital growth will also be locked into the investment until the end of the term, to be taxed at the customer's marginal rate.
David Aaron, individual marketing communications manager at Aegon, said: "The UK at retirement market is core to the future business strategy of Aegon. With the new secure income option on our Investment Control bond we are meeting the needs of our customers who are looking for security and peace of mind with their investment.
"Recent market volatility is likely to make investors even more cautious, especially those approaching or in retirement, and therefore make them even more likely to look for products offering guaranteed levels of income."
Earlier this year, Santander launched the five-and-a-half-year Guaranteed Growth Plan, offering a minimum return of ten per cent on investment, with up to 50 per cent possible, depending on the growth of the FTSE 100 .
Guaranteed investment income from Aegon
Guaranteed investment income from Aegon
Tue, 20 Jul 2010
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