View more on these topics

Triple trigger on HSBC protected plan

HSBC Asset Management is launching the latest in a series of investment plans on January 20.

It aims to emulate the success of its safe haven growth product launched last year.

In addition to a full capital guarantee, the six-year capital protected growth plan is designed to trigger an early maturity at prescribed times if the FTSE 100 has increased by set amounts.

If the index has grown by18 per cent by its second anniversary, investors will receive the entire growth plus their original investment and the plan will be wound up.

Failing that, if, by the fourth anniversary, the FTSE-100 has grown by 36 per cent or more, early maturity is again triggered, with investors benefiting from the full growth.

If neither of these is triggered, then after six years, the plan is automatically wound up and investors get their initial investment plus any growth accrued over the term.

Minimum investment is £3,000 and the plan is Isa-able and available for Pep/ Isa transfers. It will be available exclusively through IFAs from January 20 to March 7. Commission is 3 per cent initial.

Head of UK intermediary business Jonathan Polin says: “In the current uncertain times, we believe the capital protected growth plan meets investors&#39 requirements. It is simple, effective and has the potential to deliver an attractive return while protecting investors&#39 capital.

“This investment should appeal to those people who recognise there is value in the stockmarkets but are understandably nervous about investing directly into them.”

Recommended

The One Account targeting advisers with flexible loan

The One Account is offering its first mortgage exclusively for intermediaries this month to coincide with it dropping the Virgin brand now that it is wholly owned by Royal Bank of Scotland.The flexible product for intermediaries differs from the company&#39s standard all-in-one offset product as borrowers will not have to link their salary to their […]

Networking not working

News that DBS&#39s run-off deal excludes members who left the network during its protracted PI negotiations (Money Marketing, December 12, 2002) will not surprise IFAs who have tried to leave the UK&#39s other networks.Rather than be positive and enhance the benefits that attach to membership, it seems some networks prefer to use scare tactics to […]

Worst year for pension funds since 1974

The value of company pension funds fell by 14 per cent in 2002, the worst single year&#39s fall since 1974, according to a survey of two thirds of occupational schemes by WM Company, a division of Deutsche Bank. The value of pension scheme funds has now fallen by 24.6 per cent over the last three […]

Europe to get boost from US package

The European market will continue to be volatile this year but there will be room for real improvement, according to Govett Investments. The firm says the EU economy will remain reliant on US developments and the recent package of tax breaks in the US will trickle down to have an impact on European markets. Govett […]

Europe 2017: Value, large-caps & liquidity

Joshua Ausden, Head of Client Investment Strategy, Neptune Read more here Important Information – for Investment Professionals Only. Not for Retail Clients.Investment risksNeptune funds may have a high volatility rating and past performance and forecasts are not a guide to future performance. These are Neptune’s views and as such this document is deemed to be […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment