UK Wrap: Fund-linked products break FTSE domination
Among them was a capital protected fund from Scottish Widows. It has a maturity of six years and offers 150% participation in the FTSE 100 index, using averaging over the final year of the investment to level out performance. Potential returns are capped at 50%, the counterparty is Lloyds TSB and returns will be treated as capital gains for tax purposes.
Issuer
Product
Underlying
Maturity date
Skandia
The Protected Portfolio Investment Assured Return
Funds
14/09/2015
Skandia
The Protected Portfolio
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