Product wrap: stubborn inflation continues to bite

EUROPE High inflation remains one of the main topics of conversation in the UK, proving more stubborn than hoped for at the start of the year. One company responding to the theme was Idad whose inflation-linked deposit plan has a four-year tenor and offers minimum 100% capital return, plus 100% of the increase in the UK RPI All Items Index (RPI) between April 2023 and April 2027. An additional coupon of three percent is paid if the FTSE 100 Index closes at or above its initial level on 31 July