Third issue from Widows

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SCOTTISH Widows is introducing the third issue to its Monthly Bond. Monthly payments of pounds 71.87 will be paid out to basic-rate taxpayers who invest pounds 9,860 in the bond. Sixty per cent of the funds will be invested in a Scottish Widows PEP, and the balance will be used to provide the monthly income from a capital-protected temporary annuity. The closing date is 23 June.

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