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HSBC AM unveils income version of capital protected Pep

HSBC Asset Management is adding a new income Pep to its capital protected range in a bid to provide an alternative to corporate bond Peps.


The HSBC Capital Protected Income Pep is capital protected regardless of stock market performance and aims to generate 7.5 per cent a year over a five year term.


Investors can utilise both their £3,000 single company and £6,000 general Pep allowances to invest a total of £9,000 in the current tax year.


The initial charge is 5.75 per cent maximum with a 0.75 annual charge.


The Pep opens on 12 November and the closing date for applications is 15 December.

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Europe: banking on a recovery

Neptune video: Europe — banking on a recovery

Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery. 

In the video, Burnett addresses the following: 

• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
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