Financial services provider introduces investments to bonds

Wed, 11 Apr 2007

Following consultation with financing intermediaries, financial services provider Abbey has announced that it is adding investments to its savings bond range.

All initial capital invested in the bonds is guaranteed to be returned at the end of the term regardless of the performance of investments, the financial services provider has confirmed.

And among the new bonds on offer, there will be a capital-guaranteed residential property bond, which offers 110 per cent of the growth of the Halifax house price index during a five-year period.

People looking to start saving money may also be tempted by a capital-guaranteed UK equity bond, which promises returns of 110 per cent on any growth in the FTSE 100 over the next half a decade.

"The need for a wider variety of underlying investments is clear from intermediary feedback," commented Gary Dale, head of intermediary development at Abbey Financial Markets .

"It is our intention to be able to offer structured products across some of the more esoteric asset classes moving forward."

The FTSE 100 is a share index that tracks the performance of 100 of the largest companies listed on the London stock exchange.

It includes high-profile banking institutions such as HSBC, Barclays and Lloyds TSB.

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