The FSA has permitted Keydata Investment Services (KIS) to use the term 'guaranteed' with regar...
The FSA has permitted Keydata Investment Services (KIS) to use the term 'guaranteed' with regards to its Secure Growth Portfolio 3 product. The product is the latest in KIS's Secure Growth Portfolio range and offers a choice of 100%, 90% or 80% guaranteed capital protection together with growth potential. Growth is provided by averaging the monthly prices of a balanced portfolio of six fund managers' investment funds over a five-year term. Investors can receive 100%, 150% or 200% of the average growth depending on the capital protection level they select (100%, 90% or 80%). Re...
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