Tessa-only Isa product from Dunbar

Allied Dunbar is linking up with Bristol & West to offer a Tessa-only Isa from early next year linked to returns from the UK, US and Japanese stock markets, writes Leo Bland. The product, called the Guaranteed Tessa Only Isa, will guarantee to return 100% of capital invested after five years and will pay returns of 75% of the average growth in the FTSE 100, S&P500 and Nikkei 225 over the term. The product will be based on a five-year deposit account offered by Bristol & West, which will be linked to the three indices. There are no initial or annual management charges on the Tessa-only Isa...