The newest products offer deposit and investment strategies, including the Defensive Growth Collection and a 0% commission option on the FTSE 100 Kick-Out Deposit and FTSE 100 Enhanced Kick-Out Plans.
Investment plans
- FTSE 100 Enhanced Kick-Out Plan 30: 13% gross per annum (not compounded) for the Investec option and 10.5% gross per annum (not compounded) for the UK 5 option;
- FTSE 100 Enhanced Kick-Out Plan 30 (0% commission option): 16.2% per annum (not compounded) for the Investec option and 13.5% gross per annum (not compounded) for the UK 5 option;
- FTSE 100 Geared Returns Plan 35: 80% (Investec option) 66% (UK 5 Option) if the FTSE 100 is higher after 5 years;
- FTSE 100 Bonus Income Plan 25
Investec option: Annual version – five annual fixed payments of 7.25%, with potential annual bonus payments of 0.5%. Monthly version – 60 monthly fixed payments equal to 0.6%, with potential monthly bonus payments of 0.04%;
UK 5 option: Annual version – five annual fixed payments equal to 6%, with potential annual bonus payments of 0.5%. Monthly version – 60 monthly fixed payments equal to 0.49%, with potential monthly bonus payments of 0.04%;
- FTSE 100 Accelerated Growth Plan 35: 270% of any rise in the FTSE 100 with no upper limit on the maximum return
- Defensive growth collection
- FTSE 100 Defensive Kick-Out Plan 3: 8% per annum (not compounded) if the FTSE 100 is higher than 90% of its starting level;
- FTSE 100 Defensive Returns Plan 3: 100% of any increase in the FTSE 100 with no upper limit on the maximum return. If the FTSE 100 falls, 100% of any decrease in the FTSE 100 up to a maximum return of 50%.
Deposit Plans
- FTSE 100 Kick-Out Deposit Plan 30 – 5.25% per annum (not compounded);
- FTSE 100 Kick-Out Deposit Plan 30 (0% commission): 6.7% per annum (not compounded);
- FTSE 100 3 Year Deposit Plan 35: 16% return if the FTSE 100 is higher after three years (Option 1); 13% return if the FTSE 100 is higher after three years or 13% minimum return (Option 2);
- Deposit Growth Plan: 100% of any rise in the FTSE 100 (Option 1); 160% of any rise in the EVEN 30 (Option 2).
Gary Dale, head of intermediary sales admitted that pricing remains a challenge and as a result he has had to reduce the pay-off profiles on a few of the plans.
