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.
