Criterion to bring out a Dublin Isa

Criterion is launching a Dublin-based Higher Income & Growth Isa on 13 September. The Isa is a three...

Criterion is launching a Dublin-based Higher Income & Growth Isa on 13 September. The Isa is a three year structured product based on the FTSE 100 offering growth or income options. It aims to provide 8.05% per annum income for three years or 12 tax free quarterly income payments of 1.9% or 25% growth at the end of the three year period. Nigel Cooke, chief executive at Criterion, said the Isa is a secure alternative to a tracker fund. He added: "A tracker will have to grow more than 25% over three years to beat this product and no matter how far the FTSE 100 falls, this product will yiel...