Structured Products

Arc Capital & Income's administrator has received an FSA waiver which will allow client funds to be distributed.

Structured product provider Meteor Capital Group has appointed Viscount Asquith OBE a non-executive director.

Barclays Wealth is reissuing its Emerging Market Optimiser (EMO), offering a six year term for the first time.

Meteor Asset Management has bought the structured product books of both NDF Administration and Defined Returns Limited.

Barclays Wealth has launched a FTSE 100 lock-in investment offering a potential 60% return.

Newcastle IS, the intermediary services division of Newcastle Building Society, has launched its new structured deposit with a guaranteed minimum return of 9% over five years.

The Financial Services Compensation Scheme (FSCS) expects the number of claims against structured products firms to continue to increase throughout next year, meaning its costs will also rise accordingly.

Jubilee Financial Products (JFP) is rolling out a UK-wide structured products training scheme for IFAs.

The FSCS is to start considering compensation claims for Lehman-backed structured products sold by NDFA, Defined Returns Limited and Arc Capital and Income, saying the products may have been mis-sold.

Investec Structured Products has launched a new suite of eleven plans supported by a range of counterparties.