Investec SP adds RBS to counterparty roster

Investec Structured Products has added Royal Bank of Scotland as an alternative asset provider for its new collection of plans.

RBS has been added as a counterparty for the FTSE 100 Enhanced Kick-Out plan 10, offering a potential annual payout of 9.5% per annum.

The provider has also added a new option to its FTSE 100 Kick-Out Deposit plan 10, with the potential for maturity at the end of year 3, 4 or 5, and a fixed payment equivalent to 7% per annum.

Meanwhile, the FTSE 100 Income Deposit plan 8 has an improved annual payment of 5.4%, while the FTSE 100 Bonus Income plan 5 has improved annual base payments equivalent to 6.8%, with improved potential annual bonus payments of 1.2%.

Investec Structured Products head of intermediary sales Gary Dale says: "With launch 15 we have continued with our theme of diversification by including the Royal Bank of Scotland alongside Lloyds TSB as an additional asset provider on two of our Investment plans; the FTSE 100 Geared Returns plan 15 and the FTSE 100 Enhanced Kick-Out plan 10".

"The key benefit of the additional asset providers is that investors are able to reduce their exposure to an individual asset risk by holding investments with a range of asset providers, whilst retaining a similar return profile."

The plans are open for investment until 5 March set a minimum of £1,500. Commission is 3% initial, or 1% of initial plus 0.45% trail, payable on the plans' anniversary dates, or 1% initial commission only.