View more on these topics

Barclays Wealth adds safety margin to Target Growth Plan

Barclays has launched a new issue of its target growth plan which features a capital at risk barrier observed at maturity rather than during the investment term.

The new issue will offer a return of 50 per cent with full capital repayment as long as the FTSE 100 does not fall by more than 50 per cent from its starting date at maturity.

By implementing the capital at risk barrier at maturity instead of throughout the life of the plan, Barclays hopes to further mitigate the risk of capital loss.

In the event of the FTSE closing more than 50 per cent lower than its starting level at maturity, both capital and the return will reduce 1:1 with the index.

Index performance before maturity has no bearing on the potential 50 per cent return or the repayment of capital.

The minimum investment is £5,000 and the plan is open between March 30 and May 29.

Barclays Wealth director Colin Dickie says: “The first issue of our target growth plan had the same large safety margin but to further mitigate the risk the new issue will only observe the capital at risk barrier at maturity. This means index performance only becomes relevant on the final day of the plan – the index can fall by any amount in the interim without putting capital at risk.”

Recommended

‘Don’t stifle the recovery’

The Association of Independent Financial Advisers is warning that an “overly robust regulator” could stifle an economic recovery.Responding to the Turner review, Aifa director general Chris Cummings cautions against rushed implementation of stringent regulation.He says: “In a global profession, we should not underestimate the impact and consequences of altering capital and regulatory requirements for the […]

‘Bond bull is beginning, not a bubble’

M&G bond manager Richard Woolnough has rejected views that a bond bubble is forming.At Cazenove Capital Multi-Manager Live, he said there are three characteristics that define a bubble in the bond market, with only one applicable at present. He said there has been a large increase in inflows into the sector but the recent performance […]

Indian market rallies as Modi's popularity strengthens

Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients.  Investment risks  The Neptune India Fund may have a high volatility rating and past […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com