HSBC Asset Management has added a fixed income Isas to its range of IFA savings products.
The Fixed Income Isa offers a fixed tax free income of 7.25 per cent for five years. Both maxi and mini options are available and investors can choose to be paid quarterly, annually or for it to be rolled up.
Initial commission will be 3 per cent.
Deputy managing director business development Robin Minter Kemp says: “Investors are latching on to fixed income as interest rates continue to slide. Based on our previous experience with our popular fixed income Peps, we expect demand to be high.”