UK IFA and mortgage provider Paradigm Group has included Cater Allen's latest structured product, Capital Guaranteed Growth Plan 1, in its investment offering. The inclusion marks the third instalment of an agreement reached with Santander UK's private bank at the end of 2008.
"Our ongoing relationship with Cater Allen continues Paradigm's commitment to offering our members access to a wide range of investment opportunities," said Paradigm Group partner Bob Hunt.
Capital Guaranteed Growth Plan 1 is a six-year growth product linked to the FTSE100 with three chances of early maturity if the underlying index is at or above its strike level, paying 20% after three years, 30% after four years, or 40% after five years. The product has monthly averaging throughout the last year of investment.
Paradigm has increased the minimum investment level to £10,000 from the previous £7,200. IFA commission is up to 3%. The plan is also available for use within both Sipp/external Sipp and Ssas tax wrappers, and will be available to investors until 19 June.
This product is available now in Recent Additions (UK & Offshore and Other).