Standard Life has today launched a five-year Capital Protected Bond, available through financial advisers.
The Capital Protected Bond guarantees initial deposit amounts, with growth linked to the performance of the FTSE 100 over the life of the bond.
The bond has a participation rate of 165% of index growth, with growth capped at 55%, and deposits made before the investment start date will earn a guaranteed 4.75%.
IFAs can receive up to 3% commission for each bond sold, though the product is also available direct to consumers.
Recent research for Standard Life’s Savings & Investments Index found eight out of ten respondents believe now is a good time to invest in more cautious financial products, such as basic savings accounts and cash.
Just 4% of respondents had an appetite for more risky asset classes such as stocks and shares.
Garry Mullen, proposition marketing manager for cash savings at Standard Life, comments: “Our research shows us that some customers are currently being more cautious with their choice of savings and investment products.
“Our new product enables investors to take advantage of potential growth in the FTSE 100 with the peace of mind that they are not risking their capital.”
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