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Barclays revamping its protected investments

Barclays is revamping its range of protected investment plans and will next month launch a suite of core products designed to maximise returns in flat or low-return market conditions.

This will be followed on October 1 with a suite of capitalprotected products offering a defined return. New tranches of each range will then be launched in alternate months.

On September 1, Barclays is offering protected FTSE plans offering 200 per cent of the FTSE 100’s growth capped at 28 per cent on the three-year version and a five-year alternative, with growth capped at 60 per cent. The plan is Isable or subject to capital gains tax if held unwrapped.

At the same time, Barclays is offering a six-year 100 per cent capital protected minimum return plan offering a guaranteed 30 per cent return with an additional 15 per cent if the FTSE is 130 per cent above the strike level at maturity.

A super tracker product offering five times the first 14 per cent of any FTSE rise capped at 70 per cent is also being set up.

Details of the defined return range are still being finalised.

Barclays director Colin Dickie says the firm will be sending out new product guides and mailshots to advisers.

He says: “The effect of recent market volatility on pricing has given us much more scope to design these products to maximise returns in market conditions that may be uncertain or uninspiring.”

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