Standard Life Bank enters retail structured field

Standard Life Bank has entered the retail structured product market, with a simple offering designed...

Standard Life Bank has entered the retail structured product market, with a simple offering designed to give capital security in an uncertain economic environment. The Capital Protected Bond is a fixed-term investment of five years, with growth linked to the upside of the FTSE 100. The bond offers 100% capital protection on the downside and a participation rate of 165% of index growth capped at 55%. There is no early exit option. Garry Mullen, proposition marketing manager, said the bank made a version available to its customers in 2004, which was well received. The group decided ...