Barclays is targeting IFAs with a revamped protected investment range designed to drive returns in steady or volatile markets.
The revised core solutions range, to launch on September 1, offers investors a variety of options depending on their view of market movements, Barclays says.
Products include a three or five year protected FTSE plan, which Barclays says is suited for investors who don’t believe the past significant market returns can be repeated.
The plan offers 200% of the FTSE 100’s growth, with three-year returns capped at 28% and five-year at 60%. Capital is 100% protected if the plan is kept for the entire term.
The return is tax-free inside an ISA/PEP for the five-year plan or liable for CGT, rather than income tax outside the plan.
Meanwhile, the six-year minimum return plan offers 100% capital return at maturity, plus a 30% fixed return.
If the FTSE at maturity is at or above 130% of the strike level, an additional 15% will be paid, which Barclays says increases the probability of receiving more than the fixed minimum return.
The protected range also includes a super tracker, offering five times the first 14% of any rise in the FTSE 100, up to a maximum of 70%.
“Advisers are a hugely important part of our business and they played a major role in the design of the new product range,” Barclays Wealth director Colin Dickie says.
"We were keen to ensure we were offering advisers the sort of products that reflect their views on the market and that maximise investors’ returns in conditions that may often be uncertain or uninspiring.
“We will continue to keep in constant contact with advisers to make sure the range stays as fresh and as relevant as possible. I am confident that the restructuring of the range will be met enthusiastically.”
Barclays will also formalise a second suite of core products, based on its defined returns series, on October 1.
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