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Our investment products can provide both individual and institutional investors with flexible investment vehicles, which can accommodate varying appetites for risk, asset exposure and capital protection.

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Cancellation Risk – the risk that if you decide to cancel the investment after assets have been purchased you could lose some of your money if the market(s) or asset(s) to which your contract is linked have fallen since the purchase date.

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It is important that you read any product literature carefully and in full so that you understand how the product works and can decide whether or not you are prepared to accept the risks and the possible consequences of investing in a particular contract, before proceeding with an investment.

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Meteor Insights

Index Watch: FTSE 100

In the early months of this year, it started flirting with the notion of breaching 8,000 once again, and in late April it blasted past 8,000, reaching a new all-time-high of 8,445.80

Back in February 2023, the FTSE 100 hit a key milestone, breaking 8,000 for the first time in its history. It didn’t stay there for long, quickly dropping back into the 7,000s where it bounced around the mid-7,000s for the remainder of the year. In the early months of this year, it started flirting with the notion of breaching 8,000 once again, and in late April it blasted past 8,000, reaching a new all-time-high of 8,445.80 on the 15th. As at 7th June, it appears the FTSE 100 has now settled in this new territory, having spent almost two months above 8,000.

Before the Covid-19 pandemic, the FTSE 100 appeared on course to achieve the aforementioned feat 3 years sooner than it eventually did. However, as is well-known, the pandemic and multiple lockdowns wreaked havoc on the global economy, and the FTSE 100, in particular, dropped by 34% between its 2020 high set in January and its 2020 low set in March. It’s been a road of slow recovery since, marred by high inflation, rapidly rising interest rates and poorly received economic updates from the government.

Interest rates are still at a 16-year high but signs point to future cuts as inflation cools from its 14.2% high in 2022. It has also been 20 months since Liz Truss’ short tenure as prime minister, where her ‘mini budget’ panicked markets and ultimately cost her her job. Her successor, Rishi Sunak, will discover if he will continue in his role when polls open for the general election next month.

At the time of writing, the FTSE 100 appears to have established itself in the lower 8,000s and this has resulted in a record number of our plans maturing. Those investors who took a bullish approach to their investments in recent years will have seen an early return. Even those with a more bearish outlook, will have achieved investment returns. This is fantastic news for our customers, and we are proud to have provided positive outcomes for them. The recent uptick in the FTSE 100 may put off potential investors who are concerned about the longevity of the FTSE 100’s run, but we aim to provide customers with positive returns in a variety of circumstances. That’s why we offer a mix of plans for investors with different market outlooks. Those who think the FTSE 100 will keep on marching, might consider the FTSE Annual 100 Kick Out Plan July 2024 | Option 1 | BN8632, while a more cautious investor might prefer the FTSE Annual Step Down to 65 Kick Out Plan July 2024 | BN8636. The former offers a potential 8.75% for each year in force if the FTSE 100 is at or above 100% of its Start Level on a Measurement Date, meanwhile, the latter provides a potential 6.40% for each year in force based on the FTSE 100 being above a specific level that gets progressively lower on each subsequent anniversary. Both plans put investors’ capital at risk and are also subject to Counterparty risk. See the plan literature for more information.

Whatever your opinion on the FTSE 100 and where it’s going, we’re here to provide a service to our customers in achieving their investment objectives. Take a look at our Current Products page to see what we have to offer right now. New plans are added regularly, so if you are an adviser and wish to keep up to date with what we have to offer, consider signing up to our mailing list using the signup section at the bottom of this webpage.

Important information

  • All potential returns are quoted gross and annual rates are quoted non-compounded.
  • The figures quoted in this document are for illustrative purposes only.
  • The information provided does not constitute investment, legal or tax advice and is provided as guidance only.
  • Barrier Levels are a percentage of the Start Levels.
  • This information should be read in conjunction with the relevant offering documentation and where appropriate, Key Information Documents (KIDs), which contain detailed information about each plan and their risks and potential benefits.
  • Past performance is not a reliable indicator of future performance and should not be used to assess the future returns or risks associated with any product.

Posted: 19 June 2024
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