Savings and loan launches from IoM societies

Professional Adviser
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Two Isle of Man-based offshore building society subsidiaries have weighed in with new products for savers and buy-to-let landlords.

Britannia International is offering new issues of two capital-guaranteed structured products. Optimum Growth Bond Issue 22 gives 150% participation in the growth of the FTSE 100 index over its six-year term (averaged over the final 12 months), with two potential early kick-outs if growth targets of 20% after two years (AER 9.54%) or 40% after four years (AER 8.78%) are met. The sixth issue of the Guaranteed Capital Bond pays a fixed return of 8.01% AER over terms of either three or five years, if the FTSE 100 has grown by 10% or more over the term (averaged over the final six months). The...

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