Insurance bonds

Dear Paul,

Thank you for the Insurance Bond advice. With 3 children aged 12, 10, and 8, this really interests me.

I looked at the AMP option and found that their top international share exposure for the balanced and growth options was Phillip Morris. British American Tobacco is also in the top 5 or 6. Circa 3.5% of my child’s investment will be in tobacco companies, not something I support. Is their an insurance bond for a child aged over 10 that will not invest in tobacco companies?

A: I am not aware of their individual mandates/restrictions – however suggest you try IOOF (Wealthbuilders) and Commonwealth Bank (Investment Growth Bonds).



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