Premier enters structured product market with bond

Premier Fund Managers is to enter the structured product market with a vehicle offering investors 7.5% gross income per annum or 42% growth over five years. The UK Income & Growth Plan also offers a monthly income option of 0.6% with returns linked to the performance of the FTSE 100. The bond, set up as a Dublin-listed, closed-end investment company, also has a capital lock-in that guarantees full return of capital, regardless of later market falls, if the level of the FTSE 100 rises to more than 40% above its starting point at any point during the product's lifetime. The minimum invest...