The latest rise in volatility has encouraged a flurry of growth products, as income products become increasingly expensive to structure. "Income plans are virtually impossible to structure unless you go for a longer term, and anything longer than six years doesn't sit very well with clients," says Gary Dale, head of intermediary sales at Investec Structured Products in London.
"Where volatility goes up, even slightly, it means that the options are more expensive to buy," says Dale. "You will fin
The week on Risk.net, July 7-13, 2018Receive this by email