Advisers are selecting fewer different types of investment bonds year-on-year but investment bonds remain an important tax wrapper for client money, according to new research.

The new 3-year fixed-rate British Savings Bonds - announced by the Chancellor in his Spring Budget - have gone on sale from today offering interest of 4.15% gross/AER.

NS&I has launched new one-year fixed rate Guaranteed Growth Bonds and Guaranteed Income Bonds from today paying up to 6.2% - the highest rate since they were launched in 2008.

Advisers are more frequently recommending onshore open-architecture bonds, annuities and more sophisticated investment products.