UK-based Clerical Medical, a pensions and investments provider, has announced that it will offer an extra 1.5% on new investment bond applications over GBP50,000 made online.

The offer runs until January 20, 2008 and is on the initial allocation version of the bond. Online applications of GBP50,000 or over will get an extra 1.5% allocation or 1% allocation below GBP50,000. Paper applications will get an extra 1% allocation regardless of the amount. Because of the flexible factory-gate structure, the offer can be taken as extra commission or used to increase allocation rates for investors, or a combination of both.

As estate planning becomes an increasing priority for investors, a 1% enhancement is also being introduced on the company’s Discounted Gift and Income Bond, which can be combined with Clerical’s market-leading Discounted Gift and Income Plans, including the recently launched Absolute Trust version.

Rod MacDonald, investment products manager at Clerical Medical, said: Following the success of the last online offer which saw a doubling of electronic new business submissions, this new offer extends the 1% offer to all applications and increases it to 1.5% for online investments over GBP50,000. When you add in the flexibility of the bond, our fund combinations, our support for with profits reviews and our range of trust plans, advisers have many compelling reasons to recommend Clerical Medical bonds to clients.