The Co-operative launches capital protected structured product

The Co-operative Investments has entered the structured product market with the launch of a capital protected investment that guarantees a 40 per cent return on maturity providing the FTSE100 is no less than its current level in six years time.

The Protected Investment Plan, which is provided in association with Credit Suisse, is one of few structured products that offers tax efficient saving inside an ISA. Outside of an ISA investors can also use their annual capital gains tax allowance as part of the plan.

Zack Hocking, Head of Savings and Investments at The Co-operative Investments, said: "With stock markets having been volatile in recent years and interest rates at record lows, structured investment products are becoming increasingly popular.

"With complete capital protection, the chance to earn an attractive return, as well as the opportunity to invest tax efficiently, we believe this Plan will be very popular with investors."