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This shows the number of portfolios you hold. Portfolios can be constructed from Unit Trusts & OEICs,IA Unit Trusts & OEICs,Investment Trusts,Pension Funds,Life Funds,Offshore Funds,Exchange Traded Funds and cash. Holdings and acquisition costs can be recorded so that profits/losses can be calculated. These can be calculated in terms of a number of base currencies. Overall portfolio values, as well as portfolio constituents, can be made the subject of alerts.
You have one watchlist, and this shows you the number of items currently stored in the watchlist. Items stored here do not have holdings records, so this list simply monitors the price of items held, which can also be subject to alerts
This is designed to be a temporary collection of items selected by you for further analysis in the tools section. Items can be subsequently transferred from the Basket to the Watchlist or Portfolio.
Regulation and investor protectionWe have already touched on regulatory regimes in the UK and offshore jurisdictions. The Financial Conduct Authority has a wealth of information on its own and the established offshore legal environments. Contact details for the FSA are set out below.Beyond this, there are certain protective measures embodied in the structured products themselves, and the existence or extent of these is something else the investor should consider.Soft protection:>Many products set a predetermined level - typically between 20% and 50% - at which the downturn in an income- or growth-generating asset can threaten to eat away at the original investment.Hard protection:This is a 'backstop' level underlying the soft protection break point, below which the income- or growth-producing asset must not in any event be allowed to drop. With full capital protection, this safeguard should still enable the original investment to be returned in full, albeit that there would be no earnings above that.This makes the pricing method and the interval at which it's carried out worthwhile subjects for further enquiry. Some methods will take average intra-day prices, others will use a single close-of-business valuation. In a choppy marketplace, the timing sensitivity could mean the difference between breaking the protection level or not.If there is any ultimate security, it lies in the capital protection terms, and it's important to be clear about what these are. 'Protection' is not the same as a guaranteed return of capital invested,
and even 'guarantees' can be conditional. For investors taking income from the plan, it may be that the payments already received are taken into the calculation of what is the balance required to return the original investment.Finally, as innovative, useful and attractive as structured products can be, there is no substitute for consulting with informed financial and tax professionals before committing to one of them.
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