Posting good returns

With access to Europe's largest retail network, the UK's Post Office's foray into the structured product space has so far proved fruitful, propelling further product development and increased sales efforts. Shamillia Sivathambu reports

The UK Post Office launched the fourth issue of the Guaranteed Equity Bond (GEB) on 11 July on the back of strong results from its first three issues of the FTSE-linked deposit with both a three- and five-year term.

Its first two GEBs were launched in October last year in five- and three-year deposits with a minimum investment of £500. The five-year GEB pays 110% of the FTSE while the three-year GEB pays 75% of any rise in the FTSE. "The first two issues hit their targets and the Post Office