Barclays Wealth reissues FTSE Returns Plan

Barclays Wealth has reissued its FTSE Returns Plan aimed at investors seeking respectable capital gains without undue risk to their original investment.
Available now, the six-year FTSE Returns Plan offers investors a return of two times the first 22.5% rise in the FTSE 100, up to a maximum of 45%. The investment also has a lock in feature which will automatically secure 15% if the FTSE is 15% or more above its starting level after two years; and 30% if the Index is 30% or more above its starting level after four years.

The Plan also offsets the risk of market timing by including averaging over the first three months and the last three months of the term to determine the starting level and final level respectively.
Investors’ capital is fully repaid at maturity, irrespective of market performance. However, if investors withdraw from the product before maturity, some of their capital may be lost.
Full details of the product can be found at http://www.barclayswealthprotectedinvestments.com.
Lisa Chaudhuri, vice president, Barclays Wealth, says: “Investors are still looking for products that deliver respectable capital gains without putting capital at risk. The rise in capital gains tax in the emergency Budget was more lenient than everyone originally feared and the 28% rate for higher rate income tax payers means there is still an incentive for investors to look towards investments that deliver capital gains. Coupled with the fact that this product offers averaging at the beginning and end of the term to mitigate the issue of market timing, the FTSE Returns Plan is a very attractive proposition in today’s market.”