Aviva, the UK’s largest insurer, is to introduce an innovative continuous money-back guarantee option for new with-profits investments in response to customer demand.
Investors will have the peace of mind that if they move out of the fund at any point after five years they will get back at least what they put in. The fund also enables them to benefit from potential increases in all the major asset classes including property, shares and fixed interest.
The guarantee will be available from 30 November 2009 on new investments in the With-Profit Guaranteed Fund. The charge for the guarantee is an extra 0.7% a year for the first five years. (See notes to editors for conditions).
David Barral, marketing director at Aviva, said: “Customers tell us that they are looking for a return that’s better than a bank or building society account without taking too much risk with their money. By taking advantage of the with-profit guarantee option, customers can benefit from potential increases in property and shares, with the peace of mind of a money back guarantee providing they invest for at least five years.
“The fund shows our continued commitment to with-profits, and is a great addition to our existing suite of low-risk and guaranteed investment solutions.”
The value of the investment can go down as well as up and if you surrender the bond before the five-year guarantee, you may not get back your initial investment.
