The information given in this product review has been taken from the product terms and conditions, brochure, and other literature available from the product provider. No guarantee can be made to the accuracy of the information. You should therefore satisfy yourself as to the full terms and risks of any investment by reference to the relevant materials provided by the product provider. Please request these documents using the buttons on the left of the page.
Please Note: This product closed for investment on 19/07/2019
The credit ratings provided below can be a useful way to compare the credit risk associated with different Counterparties or Deposit Takers. Credit ratings are assigned by independent companies known as ratings agencies.
This maximum six-year structured deposit features the potential to mature on any of the plan's anniversaries from year three onwards, provided that the FTSE 100 Index, subject to five-day averaging, is above the Initial Index Level, returning the invested capital in full, plus a 6% gross interest payment (simple) for each year the plan has been in force.
If the plan does not mature early and the Final Index Level is equal to or below the Initial Index Level, no interest will be returned; however, investors' capital should still be returned in full, regardless of the performance of the index during the investment term.
Our fee for acting as intermediary for this investment, processed by CompareStructuredProducts.com and where no advice has been sought or given is 1.65% of the amount invested. For investments over £100,000 please contact us for preferential fees.
The closing level of the Index on 29 July 2019.
The average of the daily closing levels of the index taken over the five business days before and including 29 July 2025 (5 observations in total). However this plan has matured early on 31 July 2023.
Please note that whilst the averaging used to determine the Final Index Level may offer a degree of protection against the index falling dramatically towards, or immediately prior to maturity, conversely, this averaging could constrain the benefits of the market rising gradually towards, or sharply immediately prior to maturity.
*Note that minimum contributions exclude any applicable adviser charges
**The investment may also be available through third party SIPP Providers
The product literature states that under current legislation any interest payment will be paid gross and subject to UK income tax at the investor’s highest marginal rate.
Please note, tax rules and legislation are subject to change at any time.
Barrier Level: N/A.
Capital at Risk Barrier Type: Not Applicable (Structured Deposit)
The plan's literature states that, in the event that the underlying deposit taker defaults during the term of the contract, investments into the plan may be eligible for compensation as provided by the Financial Services Compensation Scheme (FSCS). The availability of such compensation is, however, dependent upon the investor's eligibility as defined under the terms of the FSCS, and certain investment limits will apply.
Please refer to page 12 of the product literature for full details of the FSCS status of this product.
Unless stated otherwise charges do not affect the amount being invested as they have been taken into account in the terms of the investment. So, for every £100 invested, the return, provided the investment is held until maturity, should be £100, plus or minus the gain or loss in accordance with the defined terms. Separate fees may be payable to your adviser, platform or stockbroker for arranging this investment.
The initial charge incorporated in the terms of the investment: Approximately 0.71% of the original investment.
If surrendered early, the value will be dependent on a number of factors and may be less than the original amount invested. In the event of early surrender the provider may levy an administration fee which will be deducted from the surrender proceeds as follows:
Early Surrender: 1% of the value of your plan.
|Investec Bank Plc default
|Return of any capital subject to insolvency proceedings - may be eligible for compensation via the FSCS
|If on any annual observation date from year three onwards, the FTSE 100 Index (subject to five-day averaging) is above its Initial Index Level
|Return of invested capital plus a 6% interest payment for each year the plan has been in force
|As at the end of the term the FTSE 100 Index (subject to averaging) is at or below its Initial Index level
|Return of invested capital only
Our opinion has been reached following an assessment of this and other current plans available at the time of publishing and on balance, this is one of our 'Preferred' plans. Please note, however, plans may lose their 'Preferred' status if an alternative plan becomes available which, in our opinion, has more attractive terms.
It must be appreciated that it is very possible that none of the investments featured on this site are suitable for you and so the 'Preferred' status or lack of it should not be construed as advice or a recommendation to invest. You should always ensure that you read the product literature carefully to satisfy yourself as to the terms and the risks of any investment before proceeding.
We feel that in the context of the capital protection offered by a deposit plan, the potential for 6% interest payments payable from year 3 onwards is an attractive proposition. On balance we feel this offers a reasonable return for deposit-based product and could be used together within a portfolio or as part of a spread of other deposits.Read our Review
If you have any questions about any investment featured on the site, please call 0191 281 8811 or click here to submit a query.
We would welcome the opportunity to talk to you about your investment needs. This web site is operated by Lowes Financial Management Ltd who have been Independent Financial Advisers since 1971. If you have any doubts about the suitability of an investment for you, and would like to speak to an adviser from Lowes Financial Management, please call 0191 281 8811 or click here to request a Call Back.
Where no advice has been sought or given, our fee for acting as intermediary for this investment is 1.65% of the amount invested, capped at £2,000. For example, on an investment of £25,000 our fee would be £412.50 and for an investment of £125,000 it would be £2,000.
Please enter the value of your investment below to calculate the fee payable.
All investment involves risk and you could lose some or all of the money you invest.
It is imperative that you read the plan brochure and terms and conditions and understand all of the risks involved, which are outlined on page 5 of the brochure, prior to proceeding. If you do not fully understand the risks, the commitment or you are unsure as to the suitability of the investment for you, you should not proceed but instead contact us via E-mail or Callback Request for advice.