Barclays Wealth lauds FTSE product ahead of ISA rule change

Barclays Wealth says the six-year product, which offers a 20pc minimum return if it is held to maturity, plus the potential to receive a stepped bonus of up to 22.5pc, will become unsuitable under new rules allowing investors to migrate from a cash ISA to a stocks and shares ISA. The provider believes the 100pc capital protected account, which effectively mirrors Barclays Wealth's Minimum Return Plan, is ideal for advisers seeking to retain cash ISA flexibility, as it remains a cash ISA throughout its lifespan. Lisa Chaudhuri, manager, Barclays Wealth, said: "The Guaranteed FTSE Account...