Woolwich Plan Managers has said it will widen its product remit by providing IFAs with access to some of Barclays International's offshore deposit range following the rebranding announced before Christmas. "We recognise that an increasing number of IFAs are targeting structures that are not only tax efficient, but can act as a gross roll up vehicle ideal for pension arrangements, in particular Sipp and Ssas investments," said director Colin Dickie.
WPM today launched its first suite of products under the Barclays banner. A synchronised launch programme is planned to run throughout the year.
Of the four plans currently on offer, one is a new introduction, which WPM considers a ‘tactical solution’ for investment planners. The Three-year Protected FTSE Plan pays 70% of the FTSE100 with six-months averaging.
The remaining offers were available previously but now have new names. The Five-year Protected FTSE Plan was previously the Capital Growth Plan. It pays 110% of the FTSE with twelve months averaging. It has an early maturity option paying 20% after two and a half years.
The Six year Minimum Return Plan was previously the Capital Plus Plan. It pays a minimum return of 24% or 50% of the FTSE with one year’s averaging.
The Five Year FTSE Super Tracker was previously The Accelerated Growth Plan. It pays 4.5 times the rise in the FTSE over five years, up to a maximum of 45% (subject to final year averaging). It has a 50% soft protection barrier.
Dickie said he believes the range offers something for investors across the investment spectrum. “We will continue to offer these products at the most competitive rates of return we can,” he said.
WPM has introduced debit card payment and has introduced an Auto Isa facility for its Global Income Plan.
These products are available now in Recent Additions (UK).
