NFU Mutual has floated a new six-year income bond paying a guaranteed income of 5% each year net of basic-rate tax, What Investment reports. The fund is available from May 9 until June 24, but will close earlier if it is fully subscribed. The bond is fully underwritten by mutual insurer, NFU, with no exposure to third parties. The new bond, which will provide customers with a guaranteed quarterly income from their investment, aims to return the original investment at the end of the term, adds Easier.

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