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Investec unveils high coupon plans
Investec Structured Products has launched a series of plans with higher coupon payments in a bid to attract more IFA investment, according to Gary Dale, head of intermediary sales for Investec.
Despite a challenging pricing environment, Mr Dale said Investec was committed to keeping its structured product offering competitive for IFAs and their clients.
He said: “Investec Structured Products has product launches and alternative pay-offs planned throughout the year. In the meantime we have increased the coupon payments on some of our most popular structured investments.
“We hope to continue highlighting our commitment to the intermediary market in maintaining a collection of structured plans offering competitive risk and reward pay-off profiles.”
The new structured plans will be available until 24 February 2012. They include the FTSE 100 Three-Year Deposit Plan 31, which offers a payment of 19 per cent for option 1 or 16 per cent for option 2, and Investec’s FTSE 100 Enhanced Kick-Out Plan 26, which will mature at a fixed payment equivalent to 13.5 per cent non-compounded a year.
Another new option is Investec’s FTSE 100 Bonus Income Plan 21, which gives four yearly fixed payments equal to 7 per cent, with potential annual bonus payments of 0.50 per cent.
Ian Lowes, managing director of Newcastle-based Lowes Financial Management, said: “These are similar to the previous versions of these plans.
“When the terms do not change it is beneficial to IFAs and their clients who missed the previous versions, but in some cases the terms have improved slightly which has to be welcomed.
“We are using two of these plans on our own recommended products list because we feel they are attractive propositions.”
