A new investment bond has been launched by Clerical Medical , in response to growing demand by consumers for transparent products.

The Clerical Medical Investment bond offers the investor a high allocation rate, coupled with a choice between regular income and growth over a longer term.

With our recently expanded fund range, the flexibility of our new bond means that we can now offer intermediaries an exceptional package, commented Clerical Medical's marketing manager of investment products , Rod Macdonald.

The minimum investment into this investment bond is £10,000. Additional investments can be made with a minimum of £1,000 at a time.

Those with an investment bond could also switch between funds without incurring any charges.

Mr Macdonald says that Clerical Medical has always had a strong reputation for tax and trust support service to intermediaries.

With our recently expanded fund range, the flexibility of our new bond means that we can now offer intermediaries an exceptional package, he said.