Investec launches commission-free FTSE 100 plans

Investec is offering UK investors a sight of what the world will be like after the Retail Distribution Review is implemented, with three choices on a FTSE 100-based structured product, one of which is free of commission

Zero commission

In addition to its usual suite of products, in its latest tranche, Investec has issued 0% commission versions of its two kickout products, the FTSE 100 Enhanced Kick-Out Plan 29 and the FTSE 100 Kick-Out Deposit Plan 29. The fee payable on these products will need to be agreed between the adviser and their client.

Most structured products in the UK are inclusive of independent financial adviser (IFA) commission, which is typically 3%. However, Investec's latest kickout products are available in

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