Foresters announces Joint Life revision to Investment Bond

Monday, July 15, 2013

  • Lump sum investment of £5,000 to £150,000
  • Potential for growth, free of any immediate liability to basic rate income tax or capital gains tax
  • Make partial or regular withdrawals as long as the remaining balance of the Investment Bond does not fall below the minimum permitted value

Following feedback from its adviser community, Foresters Friendly Society announces an enhancement to its Investment Bond so that it now better suits the requirements of both adviser clients and consumers transacting directly with the company.  The Investment Bond, which aims to achieve long-term capital growth on investments of between £5,000 - £150,000 can now be written on a joint life, second death basis*.  In addition, the Investment Bond provides a death benefit of at least 101% of the amount invested, less any withdrawals and aims to pay annual bonuses on the amount invested together with a potential final bonus when it is cashed in**.

Whilst the Investment Bond should be seen as a long-term investment, partial withdrawals of at least £250 can be made at any time, and regular monthly, quarterly, half yearly or annual withdrawals can also be made providing the value of the Investment Bond remains over £5,000. 

Neil Armitage, Marketing Director at Foresters Friendly Society said, "With over 175 years' experience of working for its members, Foresters has a proven track record for providing financially robust savings, investment and insurance plans.  We believe it's important for individuals to rediscover the importance of long-term savings and hope the Investment Bond being available on a joint life, second death basis will reach a wider audience."

The Foresters Investment Bond automatically provides policyholders with access to Foresters Extras- a benefits package available at no additional cost.

Last edited: January 2018 to reflect an increase in the minimum investment amount.

*Foresters Friendly Society Investment Bond is available to all UK residents aged between 18 and 80 and should be viewed as a medium to long-term investment of at least 5 years or more.

** You should be aware that the value of the Investment Bond is not guaranteed and you may not get back the value of your original investment if a Market Value Reduction (MVR) is applied.

The addition of any bonuses is not guaranteed.