Britannia International has launched a further issue of its Optimum Growth Bond for risk-averse inve...
Britannia International has launched a further issue of its Optimum Growth Bond for risk-averse investors.
Based on the performance of the FTSE 100 index, the latest Issue 18 has been enhanced to pay 140% of the actual FTSE 100 growth over the full six-year term (averaged over the final 12 months). The bond includes two automatic kick-out triggers after two and four years to allow for strong short-term gains.
The minimum investment is £10,000 for personal clients and £50,000 for trust and pension business.
In all cases, the original capital is guaranteed to be returned irrespective of FTSE 100 performance and the bond balance can be boosted by an early investment bonus of up to 0.40%.
Mark Beresford, managing director at the group, said: "The Optimum Growth Bond has been a consistently popular product over the past three years. With a participation rate in excess of actual growth and the two early kick-outs, it has the potential to pay an excellent return on a number of growth scenarios."
Commission on the bond is 3%. There is an early investment bonus of 0.4% for deposits made before 1 February and 0.2% before 15 February. The deadline for investment is 1 March.
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