HSBC launches new range of structured plans
HSBC Life has launched a new range of structured plans for the UK pensions market, which promises to give 100% capital protection and lock in the highest value achieved during the lifetime of the plan whilst exposed to global equity markets. The HSBC Life Protected Retirement Funds uses a dynamic strategy to balance between performance assets - a global equities index tracker and protection assets comprising of fixed income instruments and cash.
The life funds have five different maturities: 2020, 2025, 2030, 2035 and 2040. Each day the asset allocation of each plan is assessed and HSBC Life uses a set of rules to decide how much to invest in protection assets and in performance assets. This dynamic strategy can set the exposure to the performance assets anywhere between 0% to 100%.
At maturity the plan's unit value will be at least equal to the highest price the plan achieved while it was exposed to the tracker. If the exposure of the
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