A 10-year structured product has been launched by Abbey that offers a guarantee of original capital invested and 200% of the upside in the Halifax House Price Index.
The upside will be calculated by comparing the level of the index on 21 November 2005, with the average of the 12 published monthly index levels preceding 20 November 2015. The Residential Property Plan requires a minimum £3,000 investment, up to £500,000, and can be bought directly or through stocks and shares Isas, Pep/Isa transfers, while trustees of Sipps and Ssass can get access to residential property six months ahead of A-Day, Abbey states. Mike Brown, head of business development at Abbey, says the product has no upper cap on how much it will pay out to the customer adding it ho...
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