Structured deposits can be seen as a viable investment opportunity, being a fixed-term product whose returns are based on the performance of the stock market (or some other measure). There are a lot of funds that can be chosen but the landscape for structured products has definitely been changing recently, with providers both leaving the market and launching new products in the last few weeks alone.
Legal & General, for example, announced last week that it was going to quit the retail structured product market because of poor sales – just three months after denying it had plans to exit. It still has four structured products available, but three are due to close today and a further bond will close in early February.
Investec, meanwhile, launched several new products earlier this month, with some offering the prospect of double-digit returns should the FTSE 100 rise each year and others not putting capital at risk, offering different options for investors with varying risk appetites.
The landscape is definitely changing and there are plenty of options for those that want the opportunity to generate a meaningful income, particularly with interest rates being at stubbornly low levels.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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