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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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