Cater Allen launches Capital Guaranteed Income plan

The Santander subsidiary is offering its Capital Guaranteed Income plan. It will pay 6.5% annually if the index level is higher than its starting level on the annual observation date. The original investment will be returned at maturity. Cater Allen Private Bank senior investment strategist Fernando Gasca says: "The potential rate of return from the plan is currently 3% higher than the expected dividend yield of the FTSE 100. "With the FTSE at a comparatively low level against two years ago, investors have the chance to exploit this to their advantage." The plan is open for in...