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Jubilee FP launches new kick-out product

Jubilee Financial Products has expanded its structured product range with the launch of an early redemption plan.

The five-year AAA-rated Rabobank backed plan offers a 10 per cent annual payout if on an early redemption date the FTSE 100 has stayed the same or increased since inception.

The first early redemption date occurs after 1.5 years with kick-out dates at annual intervals thereafter.

The plan becomes capital-at-risk if the index at maturity falls by 50 per cent or more since inception.

Jubilee Financial Products chief executive Adam Habib says: “We are very excited to bring this product to the UK market and hope that the IFA community are as excited as us. Preservation of capital is key in such markets and by linking the returns to an AAA rated provider we feel we have respected this key concern.”


New approach could veto senior appointments

FSA chief executive Hector Sants has said that the new regulatory approach to staff competency may not have allowed former HBOS director of group risk Jo Dawson to be hired by the bank.


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