Torquil Clark is offering a protected Tessa-only Isa along with a protected Isa. The TQ Protected...
Torquil Clark is offering a protected Tessa-only Isa along with a protected Isa.
The TQ Protected Toisa, which launched last week, and the TQ Protected Investment Plan, due to follow on 1 March, aim to pay the adviser 1% commission, thereby providing greater allocation for the investor.
The TQ plans are both linked to the FTSE 100 and offer 110% total return after a five-year term and feature a growth-only option.
Each year the performance of the FTSE 100 is locked in, subject to a maximum gain of 10% and a maximum loss of 10%. At the end of the five-year term for the products, the overall growth or loss is calculated using these figures. If it falls into positive territory, the client will receive that amount, subject to a minimum of 110% and a maximum given the 10%pa ceiling of 150%, If however, the stock market has fallen, the least the client will receive is 110%.
The TQ Plans are available for investment until 1 May and will be invested on 15 May with interest paid up until that point at the prevailing rate of institutional interest at the Royal Bank of Scotland. Transfers can be arranged up to 15 April.
The Toisa will take a £5,000-£9,000 investment and the Protected Investment Plan has a minimum of £7,000 on all but Pep transfers, as these will have a lower amount of £3,500, and there is no maximum investment.
The TQ products are available exclusively through Torquil Clark. Packs can be downloaded from the group's website at www.tqonline.co.uk or can be requested by telephone on 0800 41 31 86.
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