View more on these topics

Gilliat launches 50/50 deposit series

Gilliat Financial Solutions has launched the 50/50 deposit series Issue 1, designed to offer investors a deposit based product with potential for higher returns than a typical savings account.

The product, which Gilliat believes is the first of its kind to be issued by an independent provider, is a structured deposit which splits money equally between two fixed term deposits.

Fifty per cent of capital is allocated to a one year deposit paying 5 per cent gross fixed interest (on half capital) and the remaining 50 per cent in a five year deposit paying variable interest based on half the rise in the underlying index (on half capital). 

Deposits will be held with The Royal Bank of Scotland plc (RBS) and investors can choose to link to either the RBS UK balanced sector index (UK equities), the RBS environmental strategy index (worldwide equities – solar energy, wind energy, blue energy and waste management) or the RBS commodity strategy index. 

Managing director Adrian Neave says: “Financial advisers are telling us there is demand from investors wishing to earn higher returns than fixed deposits, but with the certainty that they will receive the return of their original investment. This is exactly what our structured deposit aims to achieve, subject to counterparty risk, and it also further enables advisers to diversify their clients’ exposure to risk.”   

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