The main aim of the Distribution Bond is to provide regular income distributions, with income distribution options to suit your needs. We invest your money in the type of assets most likely to deliver this, whilst balancing this aim with the potential for capital growth. If your needs change, and you would like access to an increased range of investment-linked funds, you can switch to our Capital Investment Bond at any time.
What you get back is not guaranteed and depends on many factors including the investment returns achieved and our charges. The value of your investment can go down as well as up and you may get back less than you paid in.
The minimum age of a bondholder is 18. The minimum age for a life assured when taking out a bond is three months.
The maximum age for a life assured is 84, under the 'Stepped' charging option and was 89 if you originally chose the 'Level' charging option (The level charging option is only available if you are making an additional investment to an existing bond taken out on or before 19 June 2009.).
The life assured is the individual upon whose life payment of the benefits under the policy depends.
You have to be habitually resident in the UK, Channel Islands, or Isle of Man to invest in a Distribution Bond. You should speak to your financial adviser if you are not sure whether you qualify as being habitually resident in any of these locations.
Up to six people can jointly own the bond, and up to six lives assured can be named under the bond.
Please read our Key Features Document (CIB17) for full details.
