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 FTS...
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