Cater Allen launches capital protected Bank plan

With current valuations of banking shares considered low by historical standards, the plan offers attractive long term prospects. It offers full participation in any increase in the value of the basket of shares and provides the possibility for early maturity at the end of the first four years of the maximum six year term. The growth potential is equivalent to 11pc pa, though the growth is not compounded. Ricardo Marin Bataller, head of structured products and hedge funds at Santander Private Banking, said: "In the banking sector, shares are experiencing volatility and a general downward...