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Blue Sky next phase for income product

Blue Sky Asset Management is launching a second tranche of its 10 per cent protected income plan.

The firm says its second tranche is due to the increased demand for structured approach to 10 per cent a year on a six-year term, backed by capital protection at maturity.

Investors can also choose a 2.45 quarterly income or a 68 per cent financial roll-up.

The protected income plan new tranche, available through IFAs, is open immediately and will close to new business on April 11, 2008, with Pep and Isa transfers available until March 21.

BSAM chief executive Chris Taylor says: “PIP one and two have been a direct response to the sell-off and volatility in the financial sector, caused by the sub-prime debacle and the market reaction over recent months.

“Analysts have said that this sell-off has created a ‘once in a generation’ buying opportunity. We have used that opportunity to give investors the chance to lock in high income with a very high degree of capital protection.”

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