Bringing you live news and features since 2006 

Investec launches first structured deposit specifically designed for the retirement market  


Investec Structured Products has launched the FTSE100 Retirement Deposit Plan 1 – the first of its kind to have been specifically designed for the retirement market. 

Only available via SIPPs, this new deposit plan offers guaranteed income payments with a bonus payment at maturity provided the FTSE100 finishes higher. Investec has been a key participant in industry debate around retirement income pre and post pension freedoms and has taken a keen interest with industry developments. Ongoing dialogue with industry leaders has resulted in a product specifically designed to meet the needs of customers drawing income from pension products.
The FTSE 100 Retirement Deposit Plan 1 has been developed as an alternative to traditional annuity products and provides a guaranteed income each year, irrespective of the performance of the FTSE 100. At maturity, the product return will be dependent on the performance of the FTSE 100.
This new Plan offers fixed annual payments of either 5.25% (Option 1) or 4% (Option 2) over the 6 year term.  Option 1 aims to return the full deposit amount provided the FTSE100 is greater than 90% of its start level at maturity with Option 2 requiring the FTSE100 to be greater than 75% of its start level at maturity to return the full deposit.
This plan has been developed following the introduction of the government’s pension’s reforms earlier this year. Investec Structured Products has had a sustained involvement in the pension’s freedom’s debate and has recognised the need for alternative sources of retirement income.
Gary Dale (pictured), Head of Intermediary Sales at Investec Structured Products, says: “In the period since the government’s pension legislation was announced, it became clear that clients in or approaching retirement were entering a radically different world.
“In today’s financial environment of low interest rates and low Gilt yields, it is more and more important to be able to ensure that capital lasts longer and retains its power to provide long-term income throughout the period of retirement.
“At Investec Structured Products we appreciate the importance of secure, sustained income for retirees and we are constantly looking to develop new product shapes to target a wider range of customer needs.  This new Structured Deposit will help clients maximise income from their retirement funds at a time when the need for more competitive retirement income is clearly a priority within the post-retirement market.”

Latest News

Franklin Templeton launches the firm’s first multi-asset ETF, Franklin Income Focus ETF, on NYSE Arca under the ticker INCM. INCM..
Digitial asset and fintech business Fineqia International has announced that its analysis of global ETPs with digital assets as underlying..
SESAMm, a provider of big data and artificial intelligence solutions for investment professionals, and Compass Financial Technologies, the Swiss-based independent..
Representatives of the European financial and insurance sector, AMICE, EACB, EAPB, EBF, EFAMA, ESBG, EUSIPA, Insurance Europe have commented on..

Related Articles

Ryan McCormack, Invesco
Invesco’s Nasdaq 100 ETF, QQQM, is enjoying quite the run of success in terms of asset inflows, with USD2.9 billion...
The European thematic fund market presents interesting opportunities for asset managers and ETF issuers, particularly in the passive sphere, according...
Stephanie Miller Pierce, BNY Mellon
The three-year anniversary of BNY Mellon Investment Management’s launch of ETFs was marked by the quarter one growth of 172...
South Korea Flag
The overall trend in retail subscriptions to mutual funds in Korea is shifting gradually toward ETFs, as exchange-traded offerings have...
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