Extended investment offers from Friends

Mon, 08 May 2006

Life and company Friends Provident has announced an extension on three of its investments offers.

The special offer on Friends Provident's individual savings account (Isa) the Friends Isa, its Investment Portfolio Bond (IPB) and Income Distribution Bond (IDB) will now be available until December 5th this year.

Customers investing in the Friends Isa will now benefit from an extra 0.5 per cent on the allocation rate, while investments between £20,000 and £99,999 in the IPB will receive an extra allocation of 0.25 per cent.

Investors who will be aged between 19 and 70 on their next birthday will also receive an extra allocation of 0.25 per cent if the bond balance is higher than £20,000 but lower than £100,000.

"Friends Provident wants to actively encourage customers to save in a way that makes the best use of tax allowances and provides the best possible return on their investment," comments Christine Foyster, head of investment marketing at the life and pensions company .

She says that through extending the special offers, customers saving money will get added value for money.

Friends Provident hopes that through making these offers available for longer, an "extra incentive" will be given to those who need it to start saving money for the future, Ms Foyster says.

According to the provider, all these savings products are "highly flexible", as investment options can be adapted to suit customers' individual risk profiles.

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