Product review: protecting the downside

A six-year growth product from Blue Sky Asset Management that is relatively complex for retail investors. The product links to the FTSE 100 and gives accumulated returns up to an annual cap of 12%

Product description

This plan provides absolute returns based on the annual performance of the FTSE 100. The index is monitored annually and the performance of each period is based on the change in the index over the year. At the end of each annual period, the index will be recorded and rebased to capture the absolute returns during the period. Returns are based on the accumulated year-on-year change in the index subject to a cap of 12% each year. For the investor to gain the maximum return of