View more on these topics

Kaydata gets in gear

Keydata has established the dynamic growth plan 11, a capital-protected bond that offers 200 per cent of the growth in the FTSE 100 index at the end of six years subject to a maximum of 100 per cent.

The bond also offers investors their original capital back at the end of the term but only if the FTSE 100 index does not fall by more than 50 per cent during the term without recovering to at least its starting level by the end of the term. If this condition is breached, investors will lose 1 per cent of their capital for every 1 per cent fall in the index.

The accelerated growth plan from Woolwich Plan Managers is a similar product offering offers the potential for geared returns relative to the performance of the FTSE 100 after six years. Although the gearing is higher at 1,000 per cent, the cap is lower at 60 per cent. Investors will get the full benefit of the gearing if the rise in the index is no more than 6 per cent but the Keydata plan will pass on more growth than the Woolwich Plan if the index rises by larger amounts.

The full benefit of the gearing is passed onto investors with Keydata if the index rises by up to 50 per cent, as after this level the cap is reached. For example, a 6 per cent increase in the index would provide 12 per cent growth with the Keydata product and 60 per cent growth with the Woolwich product. But if the index rose by 50 per cent, investors would get 100 per cent with Keydata and 60 per cent with the Woolwich product.

Finally, the Woolwich product has a lower barrier level of 40 per cent, so if the index falls by more than this investors will lose capital at the same rate as the Keydata product but with slightly less protection.


Investment View

A New Year, new opportunities. The chairman of the curiously named Betelgeuse Investment Funds gazed out across the rain-lashed Thames from behind the protection of his plate-glassed office. This view would not be his to enjoy for much longer, he mused. Even assuming that his business could maintain its independence during a period when he […]

Honours awarded to financial services community

The Queen’s New Year’s honours list awarded decorations to members of the financial services community including FSA deputy chair Stewart Boyd and the Co-operative Bank Financial Services former chief-executive Mervyn Kay Pedelty. Boyd receives an OBE for services to the finance sector while Pedelty receives a knighthood for services to business and charity.

Buckles acquires Wrexham adviser

Welsh IFA national Buckles Investment Services has bought Wrexham-based financial adviser Phillip Ridgway. Founder Philip Ridgway is leaving the industry and Buckles will take over the 300-strong client base. Buckles chief executive Nigel Speirs says the deal consolidates the group’s position as the biggest independent adviser in the North-west.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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