Newcastle Building Society structured deposit sales up 50%

The Newcastle is advising intermediaries to prepare for further growth in sales as low interest rates push investors to look for alternative investments. The product range is made up exclusively of 100% capital guaranteed deposit structures which fall under the Financial Services Compensation Scheme, up to a limit of £50,000 per investor.

Sales in the wider UK structured products market could reach £13 billion by the end of 2009, Newcastle estimates. Last year the size of the market was £8.5 bill

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