Chartwell is to launch a structured product in conjunction with Keydata, offering 100% capital prote...
Chartwell is to launch a structured product in conjunction with Keydata, offering 100% capital protection with returns linked to the FTSE 100.
The Capital Secure Plan, which will be available as an Isa, a Pep/Isa transfer and for direct investment, will have a maximum term of six years, with early release points after three, four and five years.
If at the end of three years the FTSE has risen by more than 20% from its start level, investors will receive 20% growth and their full return of capital.
If the index does not achieve this return, the investment continues for another year.
The investment ends after four years if the FTSE has managed a 30% rise since the start level. If this occurs, investors get 30% growth plus the full return of capital, however if it does not happen the investment continues into a fifth year. At that time, if the index rises 40%, investors would receive 40% growth plus capital.
If the product reaches its maximum six-year term, investors receive the difference between the final value of the index and its start value. If over that time period the FTSE has fallen, investors get their full initial investment back.
The plan launches on 22 May and closes 14 July. Commission is 3% with a 1% rebate.
Further information on 01225 446 556.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till