Jubilee Financial Products has launched a product with returns linked to UK residential property prices and available as a deposit or capital protected plan with two investment terms.
Its deposit versions are, subject to the eligibility of the investor, covered by the FSCS and have their returns taxed as income while any profits from the plans are treated as capital gains and taxed...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected