Home > Finance > Funds and Trusts > Unit Trusts > UK Other Bond > Scottish Friendly Scottish Bond

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A Decade of Saving

AdvantagesLong term investment with a guaranteed minimum sum and life insurance element, good service

DisadvantagesSmall returns on money invested, small amount of life insurance cover

"...is how I discovered the Scottish Bond offered by Scottish Friendly which is a kind of regular savings scheme, making use of a 'friendly society tax exempt savings allowance' and subsequently took out a bond with them. We're not talking massive sums of money here at all so this isn't a way for lottery winners to invest their sudden windfalls. The minimum amount you can save is £10 per month and the maximum is £25 per month (which is the option ..." Read review

Ciao members have rated this review on average: very helpful

Community Level 1JASPER57




Disadvantageswaste of money

"...may have. The bond invests in Scottish Friendly’s with-profits fund. The bond is described in the Key Features document as a ‘tax exempt with profits endowment plan’ with investment ‘in a wide variety of investments including equities’. Since there is no actual breakdown of what these were nor any indication in percentage terms of the makeup of the with-profits fund and to what extent each part exposed the consumer to risk, no client would have ..." Read review

Ciao members have rated this review on average: somewhat helpful

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