Money News
Barclays Wealth is seeking to attract rollover money from forthcoming maturities with a new suite of products - particularly for ISA investors keen to retain their tax advantaged status. Open until April 30th, the new suite includes the Regular Income Bond, an income-only product offering an annual gross income of 7.25%. Linked to the Dow Jones Stoxx 50 index - which gives exposure to 50 'supersector' stocks across Europe including the UK - the bond is aimed at investors looking to consolidate existing ISAs and PEPs to generate a tax-free income stream.
The new range also includes the dual option Protected FTSE Plan, which offers 1.5 times the first 15% rise in the FTSE 100 Index (3-year option) or 1.5 times the first 30% rise in the index (5-year option). Investors in the 5-year plan can opt for the Barclays Wealth early maturity option, which will deliver a 24% return if the index is at least at its starting level after 2 and a half years.
Also available is the 6-year Minimum Return Plan - offering a 20% minimum return plus the potential to receive a stepped bonus of up to 22.5% - and the 5-year Super Tracker, which provides 5 times the first 15% rise in the FTSE 100, up to a maximum return of 75%.
05 March 2008 © Moneyextra.com
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