View more on these topics

Keydata extends extra income plan

Keydata Investment Services has launched a new issue of its extra income plan.

The extra income plan issue 26 is a five-year plan offering investors 0.67 per cent income per month, equivalent to 8.04 per cent per annum.

Investors will receive their capital in full unless the FTSE 100 index falls by 50 per cent or more at the end of the investment term regardless of market fluctuations during the period.

If the FTSE 100 breaches the 50 per cent barrier on the final value date capital will be lost by 1 per cent for each 1 per cent that the final index level is below the strike level.

Research conducted by Keydata shows that from inception in 1984 the FTSE 100 has never experienced a five year spot-to-spot period when it has fallen by 50 per cent or more.

The plan is open for investment until May 8 with a minimum investment of £3,600.

The counterparty is Citigroup Global Markets Ltd, an affiliate of Citigroup Inc. rated A by Standard & Poor’s as at March 16.

Keydata sales and strategy director Mark Owen says: “Investors are desperately hunting for income but are worried about the risk that seeking greater returns can sometimes carry. Our research shows that the likelihood of the FTSE 100 falling by 50 per cent during a five year period is extremely small and we think investors understand that and so will be attracted to the plan.”

Recommended

Liontrust goes with the flow

The newsflow from Liontrust in the first half of the year has been raising many eyebrows in the investment industry, given its reputation as one of the more stable investment management businesses in the UK.

RBS to cut more jobs

Royal Bank of Scotland chairman Philip Hampton has revealed that the bank will be cutting further jobs on top of the 2,700 already announced.

B&B reveals £500m write-offs

Bradford & Bingley has revealed mortgage write-offs of more than £500m in 2008 and predicts more to come over the coming year.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com