Blue Sky Asset Management has launched an income plan offering the potential for 6% annual income over five years.
Linked to the FTSE 100, the Smart Income Plan guarantees 6% income at the end of the first year, irrespective of index performance.
Provided the FTSE is at or above 50% of its starting level on each subsequent anniversary, the plan will continue to provide 6% income each year.
The plan also offers two methods of capital protection. Capital is protected until maturity and cannot be breached during the investment term, as long as the index has not fallen below 50% of its starting level at maturity.
Furthermore, all future income payments will be secured along with the nominal investment if the index is at or above its starting level at any anniversary from the second year.
The offer period runs until 17 April while ISA transfers and subscriptions are possible until 3 April.
The minimum investment is £10,000 direct or £7,200 for ISAs and commission is 2% and can be rebated to enhance investments.
"By offering a compelling income plan, with conservative index conditions, and a double level of capital protection, we believe the Smart Income Plan provides a compelling solution," BSAM chief executive Chris Taylor says.Investment Week
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation