Investec to launch collateralised structured products

In January, it will launch a collateralised version of its FTSE 100 Enhanced Kick-Out and FTSE 100 Growth plans. For these versions, the money raised will be paid to a trustee, who will buy the assets to back the plans. This means the money is ring fenced and will not be impacted should Investec default. However, although the Growth plan will be collateralised by government bonds, the kick-out product will be backed by the assets of the UK's five biggest banks - HSBC, Santander, Barclays, RBS and Lloyds. Head of intermediary sales Gary Dale says it makes more sense for capital-at-r...