TD Waterhouse in structured product move

Professional Adviser
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Brokerage TD Waterhouse is to enter the structured product market targeting intermediaries with a ca...

Brokerage TD Waterhouse is to enter the structured product market targeting intermediaries with a capital protected product linked to the performance of the FTSE 100. The Protected Investment Product (Pip) offers 3% commission and is the first time TD Waterhouse, which has Sipp, covered warrants and share dealing services, has sought to market to intermediaries directly on an investment product. The group also has a fund supermarket, but has so far stopped short of offering commission to advisers using it. Pip offers investors capped participation in the annual rise of the FTSE 100 in...

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