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Jubilee mirrors Keydata fund offerings with product launches

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Jubilee Financial Products is introducing a range of products that deliver similar benefits to previous offerings by Keydata Investment Services, following concerns from IFAs whose clients

Jubilee Financial Products is introducing a range of products that deliver similar benefits to previous offerings by Keydata Investment Services, following concerns from IFAs whose clients had intended to invest in the now suspended Keydata investment plans.
 
JFP is providing investors with the same levels of income or growth, credit risk, tax treatment and investment terms as the Keydata products.
 
‘We have worked hard over the past few days to make sure our suite of new products mirror the terms of the Keydata plans, allowing investors access to the same terms and conditions,’ says Ian Millward, Jubilee’s head of distribution.
 
‘We feel that it’s important to support the structured products market at a difficult time such as this, and are looking to provide IFAs with replacement products delivering the same levels of fees and commission paid to advisers.’
 
The products will close for subscription on 7 August.
 
Keydata Investment Services, which specialised in high income products, was recently declared insolvent by the Financial Services Authority.
 
JFP will be supporting the new products with the launch of a number of new funds over the coming months, which will include a range of low-cost balanced portfolio fund-of-funds which rebalance at regular, pre-defined intervals. A new hedge fund range will also be released soon.

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