We are reviewing the advice given in relation to investment bonds:
(In this instance the adviser is extolling the virtues of an investment bond)
An Investment Bond is also a collective investment, which gives you access to a range of professionally managed funds enabling your capital to be invested over a spread of assets, thus spreading your investment risk. However the investment manager does have more flexibility than a unit trust manager in the range of assets he can invest in.
Our advice on the above:
Totally incorrect. The range of funds available under an investment bond is considerably less than a unit trust. With unit trusts, there are literally thousands to choose from.
Worldwide’s score: 0 out of 10