The Bristol and West is to update its range of savings bonds and is to launch a new product.
The new Guaranteed Return Equity Bond offers a minimum return of either 15 per cent gross or 55 per cent of the averaged growth of the FTSE, depending on which is the greater.
The savings bond can be used as part of a Self-Invested Pension Plan (Sipp) and has a fixed term of five years.
The Bristol and West also offers the Guaranteed FTSE Bond, with three-, five- or seven-year versions.
Those who wish to invest against the growth of the FTSE index for six years may be interested in the Income and Growth Guaranteed Equity Bond. The bank has raised the interest rate on the savings bond's income element to 5.38 per cent gross AER.
Jim Goddard-Jones, head of structured products at the company, said: "We are constantly asking for feedback from IFAs as to what they want.
"We believe we are responding to their wishes, by looking at their needs and the needs of their clients when developing our products."
Bristol and West structured products, which sells the savings bonds, remains part of the Bank of Ireland group. Its retail counterpart was recently taken over by Britannia building society.
Bristol and West updates savings bonds
Financial Services > Savings > Savings and Investments News
Bristol and West updates savings bonds
Wed, 05 Oct 2005
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