Societe Generale launches product for financial advisers
Societe Generale has launched UK Four, a new series of investment products available exclusively to Independent Financial Advisers (IFAs) in the UK.
The products, launched in conjunction with Walker Crips Structured Investments as Plan Manager, aim to help investors spread and diversify their credit risks while trying to exceed their investment risk and reward expectations, SG said.
The UK Four products are focused on a six year growth period, with investment risk diversified across four major UK institutions – Barclays Bank, Lloyds TSB Bank, Royal Bank of Scotland and Aviva.
The three new investment products are: SG UK Kick-out Plan, with a target of 10%; SG UK Step Down Kick-out Plan, with a target of 7.5%; SG UK & US Step Down Kick-out Plan, with a target of 9.25%.
All the products link their performance to the FTSE 100 and have the potential for early maturity at the end of years two, three, four or five prior to the six-year maximum maturity.
The UK Four products were tailored according to research conducted by Harris Interactive Inc. on behalf of Societe Generale in July 2013, showing that 36% of investors use an IFA at some point when making savings and investment decisions.
Zak de Mariveles, Managing Director of UK IFA Sales, Societe Generale, commented: “The research clearly shows that counterparty risk remains a key consideration for UK retail investors and that investment products that are able to diversify credit exposure across multiple institutions are seen as an attractive proposition. At Societe Generale we have the expertise and capabilities to meet this client need.”
“The UK Four products not only aim to meet the diversification needs of investors, but also provide the potential to significantly exceed investors’ expectations on returns.”