Jubilee reassesses structured offering
Jubilee Financial Products has recently undergone a re-appraisal of its structured product business following the appointment of Chris Powell as head of UK IFA sales.
Mr Powell said the company previously had sought to attract minimum investments in the region of £15,000-plus through a limited product range.
In the future, Jubilee will offer an accessible range of products in terms of the minimum investment, based around the Isa regulations and to provide a wider choice of plans throughout the financial year, he said.
This will include a combination of fixed-term and kick-out, single-index and multi-index, different underlying asset classes, and growth and income products.
Mr Powell added: “We have looked at the business and decided to become more flexible in the offer to IFAs and their clients. On the retail side we will be seeking to have a range of products on offer throughout the year providing both growth and income and with a range of risk profiles, asset classes and term of investment.
“Jubilee is also able to work with advisers and their clients on bespoke projects in the retail area to suit a particular need they believe the clients will find attractive.”
The company will be expanding its infrastructure over the coming months, to boost the number of IFAs and other financial advisers with whom Jubilee deals.
Mel Kenny, adviser for London-based Radcliffe & Newlands, said: “Clearly Jubilee is looking to tap into the mass market by introducing lesser entry requirements and greater exit opportunities. It is simply keeping up with their competitors.
“As with any structured product provider, any recommendation would be made with caution.”
