UK Wrap: The holy grail - income and capital protection

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UK products this fortnight

Cater Allen and Investec have launched a mass of growth products over the past two weeks, with Morgan Stanley and Gilliat being the only other two outfits to launch products.

The majority of products are repeats of old structures; however, a few gems can be picked out, most notably Investec's portable beta and geared returns products (the latter of which has been split into two). Morgan Stanley has issued an income product with capital protection – the FTSE defensive income plan with variable

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