Investec enhances income on struc prod plan

New applicants and those already subscribed to the current plan 2, which opened on 1 June, will see the annual income payments increase from 6% to 6.4%. Similar enhancements will apply to the monthly and quarterly income options, which will increase to 0.5% and 1.55% respectively. The objective of the Plan is to provide regular income payments over five years that deliver returns in excess of cash deposits. Gary Dale, head of intermediary sales, says the improvements reflect Investec's flexible business model. "In a nutshell, we want to avoid IFAs waiting for improved terms and ...