Barclays Wealth extends Regular Income Bond

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Barclays Wealth has relaunched its Regular Income Bond with an increased term of six years.

The bond, which is linked to the FTSE 100, was previously offered on a five-year term.

Returns on the bond are fixed at 7% annually, or 0.57% per month, irrespective of index performance.

A capital guarantee is also included, provided the FTSE 100 index does not fall to lower than 50% of the starting level at any point until maturity.

If such a steep drop occurs, capital is reduced 1:1 in line with the index.

a�?The Regular Income Bond is designed for those who are prepared to accept a risk to their capital in return for a rate of return 6.5 per cent above the current base rate,a�? said Lisa Chaudhuri, Barclays Wealth manager.

a�?We think this presents a compelling alternative to some of the more traditional methods of gaining regular income which are not meeting the needs of investors presently.a�?

A poll by Barclays Wealth earlier this month found 61% of investors are confident that stock markets are improving and will continue to do so.

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