The Protected Income Plan, which closes on 8 February, ensures that investors will have 100 per cent contingent capital protection upon maturity. The plan is based on a portfolio of UK bank shares from HSBC Holdings, the Royal Bank of Scotland Group, the Barclays Groups, HBOS and Lloyds TSB. The minimum investment is £10,000.
Chris Taylor, chief executive of Blue Sky Asset Management, said the plan was particularly suitable for charities. "Most charities are looking to maximise income from available funds and are aiming to achieve that in a cautious or protected way," he said. "The 'sub-prime' debacle and its fall-out have facilitated the Protected Income Plan.
"By pinpointing specific stocks, we have been able to dissect the indiscriminate fall-out in the banking sector to isolate, select and take advantage of financially strong, UK-based stocks."