(In the UK) a single-premium life insurance policy linked to a unit trust for long-term investment.
- The preserved pension benefits can be transferred to a ‘buy out bond’ (an investment bond with an insurance company which is equivalent in value to your pension benefits which are being transferred).
- A buy-out bond is, generally speaking, an investment bond which is purchased from a life assurance company.
- It offers five funds managed by leading international investment houses to its unit linked investment bond, ‘Spectrum Bond’.
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