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Product review: Risking the first 10%

Gilliat Financial Solutions is offering a six-year income product linked to the FTSE 100 that promises a fixed coupon as well as bonus payments, but only if investors are prepared to put 10% of their capital at risk

Gilliat Financial Solutions’ Income Series 2 comprises three six-year income products linked to the performance of different indexes. The product offers a fixed annual return of 2% irrespective of index performance, and bonus payments that differ depending on which underlying is chosen. Capital is at risk on a 1:1 basis for the first 10% loss in the index, while the remaining 90% of capital is at

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