Bringing you live news and features since 2006 

FTSE 100

Jubilee launches Lloyds TSB deposit plan

RELATED TOPICS​

Investment boutique Jubilee Financial Products has issued a deposit-linked plan called the Growth Deposit Account.

The plan invests in a deposit at Lloyds TSB Bank linked to the FTSE 100 Index, and offers full capital protection if held to the end of the six-year term, with returns of 120 per cent of the growth of the index up to a maximum return of 60 per cent.
 
Ian Millward, Jubilee’s head of distribution, says: “Lloyds TSB is one of the most respected names in the UK so we believe that an investment offering 100 per cent capital protection, geared growth on the FTSE 100, and that can be held in most offshore bonds is likely to be extremely popular.”
 
The company has also issued a new version of its Early Redemption Plan, with a potential ten per cent redemption bonus in the first year.
 
The redemption bonus in subsequent years represents a “step-down” structure, with a rate of nine per cent p.a. in the second year, eight per cent p.a. in the third year, seven per cent p.a. in the fourth year, and six per cent p.a. in the fifth and final year.
 
Millward says the Early Redemption Plan is intended for sophisticated investors who are of a view that the FTSE is likely to grow or remain steady over the next few years.

The Growth Deposit Account is directed at investors looking to take part in moderate to strong FTSE growth over the next six years, without risking their capital in the stock market.
 
Both products are administered by Bank of New York Mellon.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by