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Insurers eye CPPI structures for next generation of savings products

Insurers are investigating a new breed of fund mechanism – the ICPPI – which allows them to offer individualised guarantees on their products more cheaply and flexibly than other types of funds. But it is not without its costs. Louie Woodall reports

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The current economic landscape is demanding a new range of financial products to cater for a more cautious brand of investor. Customers want guaranteed products that offer the potential of upside participation, but without the restrictions on protection levels and fund choice that characterise UK with-profits or old-style variable annuity (VA) products.

Insurers, meanwhile, need to offer long-term

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