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UK Barclays Capital adds growth and income to deposit range
By SRPAdviser.com 01-Sep-2010 12:00 AM
Barclays Capital has added two new products to its Structured Deposit Series for Offshore Bonds for use within offshore bonds and UK onshore life insurance company wrappers. Protected Euro Split Deposit Account is a six-year euro-denominated
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UK law firm gets date to challenge compensation
By SRPAdviser.com 31-Aug-2010 12:00 AM
A UK law firm representing financial advisers has had a court date set for its judicial challenge against the -ú80m Financial Services Compensation Scheme levy to meet claims arising from failed structured products providers Keydata, NDF
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SG hires Craven to head UK exchange-traded products
By SRPAdviser.com 30-Aug-2010 12:00 AM
Soci+®t+® G+®n+®rale in London has hired John Craven as head of professional client relationships, exchange traded products. Craven, who was previously Merrill Lynch's head of retail structured products and capital markets, EMEA, will develop
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Meteor goes with Merrill for UK equity knockout
By SRPAdviser.com 27-Aug-2010 12:00 AM
Meteor Asset Management has selected Merrill Lynch as counterparty for the third tranche of its knockout plan linked to ten UK stocks.
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West Brom adds cliquet to UK series
By SRPAdviser.com 26-Aug-2010 12:00 AM
West Bromwich Building Society has launched the Protected Capital Plus Bond Issue 1, a new FTSE-linked cliquet strategy paying investors a maximum of 148% at maturity.
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RBS follows up on UK adviser series
By SRPAdviser.com 25-Aug-2010 12:00 AM
The Royal Bank of Scotland (RBS) is selling its fifth IFA series of UK structured notes linked to proprietary indices, and said it is confident of the strategies' long term success despite having fallen more than 12% this year compared to a 4% of the FTSE100.
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Barclays lowers income rate in UK
By SRPAdviser.com 24-Aug-2010 12:00 AM
Barclays Wealth has launched a new tranche of its Regular Income Bond (RIB) series lowering the headline income rate from 6.3% pa featured in the previous tranche, which closed two weeks before the end of its offer period due to high sales, to 5.75% pa for the current issue.
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Aviva launches new UK kickout as first matures
By SRPAdviser.com 20-Aug-2010 12:00 AM
Aviva Investors is to market a sixth Defined Returns Fund following the early maturity of the first issue of the series, launched in summer 2009, which last week repaid investors capital plus 8%. The first tranche raised £120m.
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Norwich & Peterborough ordered to compensate over Keydata product
By SRPAdviser.com 19-Aug-2010 12:00 AM
The UK's Norwich & Peterborough Building Society has been ordered by the Financial Ombudsman Service to pay a claim for £28,000 relating to the sale of Keydata Lifemark products, which offered income based on the returns of US traded life settlements.
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Morgan Stanley adds income proposition in UK
By SRPAdviser.com 18-Aug-2010 12:00 AM
Morgan Stanley says it has added an income strategy to its range of UK structured products in response to strong demand from investors and advisers seeking a steady income alongside capital protection.
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UK's Gilliat targets European advisers
By SRPAdviser.com 17-Aug-2010 12:00 AM
Arbuthnot's Gilliat Financial Solutions has joined The Federation of European Independent Financial Advisers (Feifa) as an associate member, as it seeks to develop relations with distributors across the continent.
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Morgan Stanley responds to nuns and others in UK
By SRPAdviser.com 16-Aug-2010 12:00 AM
Morgan Stanley has distanced itself from claims that it sold unsuitable products to a group of Irish investors, including several congregations of nun and a veterinary association, who have filed an action in the UK High Court claiming the US bank failed to meet its contractual obligations related to its sales of structured notes.
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RBS Private Banking goes green for ninth UK Combi
By SRPAdviser.com 13-Aug-2010 12:00 AM
RBS Private Banking has launched Combi Saver Issue 9 - Environmental Strategy, also being distributed through Natwest Private Banking, offering a variable rate coupon throughout the three and a half year investment period in addition to participating in the rise of the RBS Environmental Strategy Index.
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Axa's Architas hires structured expert in UK
By SRPAdviser.com 12-Aug-2010 12:00 AM
Axa UK Architas Multi-Manager Limited has appointed structured retail products expert Hans Georgeson as managing director to support the firm's growth.
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Morgan Stanley taps CS' Davies for UK sales
By SRPAdviser.com 11-Aug-2010 12:00 AM
Rebecca Davies has resigned from her UK structured product sales role at Credit Suisse to join Morgan Stanley, where she is set to take on a similar role, SRP has confirmed.
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UK Lehman compensation verdict next month, says FSCS
By SRPAdviser.com 11-Aug-2010 12:00 AM
UK clients who lost money in structured products issued by Lehman Brothers will have to wait until the end of September to see whether they will be able to make a claim, the Financial Services Compensation Scheme (FSCS) has revealed in a statement issued last week.
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Dale leaves Nomura in London
By SRPAdviser.com 10-Aug-2010 12:00 AM
Rob Dale, the former UK head of structured product sales at Nomura has resigned from the Japanese bank, SRP has confirmed. It is rumoured that he will be heading to Credit Suisse in a similar role.
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Euromoney acquires Arete
By SRPAdviser.com 09-Aug-2010 12:00 AM
Euromoney Institutional Investor PLC has agreed to acquire Arete Consulting, the owner of the retail structured products database www.StructuredRetailProducts.com.
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Gilliat to host UK risk roundtable
By SRPAdviser.com 09-Aug-2010 12:00 AM
Gilliat Financial Solutions has organised a risk-themed roundtable 'to help develop a methodology for investment professionals'.
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UK SPA says funds body needs education
By SRPAdviser.com 06-Aug-2010 12:00 AM
The UK's Structured Products Association has said that Julie Patterson, Investment Management Association director of authorised funds and taxation, is misinformed following the IMA's criticism that the coalition government's planned regulatory structure overlook 'banking products' widely interpreted as an oblique reference to structured investments.
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CitiFirst UK may opt for Maximiser-type fund
By SRPAdviser.com 05-Aug-2010 12:00 AM
Citi VP Emma Davidson said the bank will issue at least one more product from its UK-based fund platform before the end of the year.
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UK capital at risk dominates for first time
By SRPAdviser.com 05-Aug-2010 12:00 AM
There were more capital-at-risk products launched in the UK market than capital-protected structures for the first time in July - 56.3% of product issuance. As Incapital MD Mark Dickson puts it, [The] preference for IFAs is now for higher potential returns, whilst pricing is quite tight for 100% capital-protected products.
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UK's L&G sees record SP inflows
By SRPAdviser.com 04-Aug-2010 12:00 AM
UK insurance company L&G has reported structured product inflows of over £1bn for the first half of the year, more than two thirds the size of its unit trust business, whose sales grew by 54% to £1.4bn.
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UK Market Review July 2010
By SRPAdviser.com 04-Aug-2010 12:00 AM
Seventy-one products were added to the UK database in July, with sales expectations of £792.5m. This can be compared with the 93 products raising £1.28bn last month, and the 90 products added this time last year, which sold £1.5bn.
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Over £1bn to return to UK market in Sept-Oct
By SRPAdviser.com 03-Aug-2010 12:00 AM
Almost 150 UK products will mature in September and October, creating rollover opportunities for an initial sales volume of £1.36bn.
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Incapital accredited by UK planning institute
By SRPAdviser.com 02-Aug-2010 12:00 AM
Incapital Europe has become the first structured investment provider to be accredited by and become the main sponsor of the UK's Institute of Financial Planning. The firm said its immediate focus will be developing structured investment-orientated educational programmes for IFP members.
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MS UK returns to Defensive Gilt
By SRPAdviser.com 02-Aug-2010 12:00 AM
Morgan Stanley has returned to its Defensive Gilt-backed Growth Plan series a year after the last product struck.
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UK N&P refutes Keydata link to SPs withdrawal
By SRPAdviser.com 30-Jul-2010 12:00 AM
The Norwich & Peterborough Building Society told SRP its Financial Advice Service's decision to withdraw from distributing structured products has nothing to do with its clients' investments in Keydata's Lifemark products as implied by commentary in the local personal finance press.
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Incapital Europe opts for Santander UK digital
By SRPAdviser.com 30-Jul-2010 12:00 AM
Incapital Europe has released its first digital growth structure with a payout of 172% of initial capital over six years if the underlying FTSE ends at or above its initial level. The product has 50% soft protection.
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UK product returns 63% over six years
By SRPAdviser.com 30-Jul-2010 12:00 AM
Woolwich Plan Managers' Accelerated Growth Plan A14 returned 63% growth over six years when it matured yesterday.
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