Advisers have only a limited time left to take advantage of the Barclays Wealth tax-free Guaranteed FTSE Account before the product is discontinued on 4 April due to ISA rule changes.
The six-year product offers a 20% minimum return if it is held to maturity plus the potential to receive a stepped bonus of up to 22.5% depending on the performance of the FTSE.
However, the account will become unsuitable under new rules allowing investors to migrate from a Cash ISA to a Stocks & Shares ISA.
For advisers wanting to invest in the product now, Barclays believes the 100% capital protected account is ideal for those seeking to retain Cash ISA flexibility as it remains a Cash ISA throughout its lifespan.
Lisa Chaudhuri, manager Barclays Wealth, says: “The Guaranteed FTSE Account will no longer be an appropriate product following recent tax changes so this really is a buy-now-while-stocks-last opportunity for advisers and their clients.”
The Guaranteed FTSE account mirrors Barclays Wealth’s Minimum Return Plan which is set to remain a core element of its range.
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups
Set for 1 April 2019