Subscribe

feed image

Data


Module by: CoreTemplate and StockTrader
Module by: CoreTemplate and StockTrader

Business FX Blog

Adam Solomon is a specialist in business foreign exchange issues at foreign exchange brokers TORfx.

The idea of this column is to assist businesses in saving money on making or receiving payments in foreign currency. It is developed with all companies in mind from public companies with large and complex operations, to smaller companies and individuals.

>> Take a Visit

INSIGHT

Nigerian oil: New Bill threatens industry
Nigerian Oil: Experts say it would be hard to reverse proposed changes.Read more...
Tiger Woods and why companies take out 'disgrace' insurance
Insurance market, Lloyds of London, look at the Tiger Woods saga and the impact it has had on his...Read more...
Yemen gas: disturbing questions asked
The prospect of increasing Yemeni terrorism must be recognised.Read more...
Falklands: Dispute helps both British and Argentine leaders
But the crisis may well play into the political posturing of equally embattled United Kingdom Prime...Read more...
Kurdish oil: Getting left behind
Kurds push for oil law with Baghdad amid south’s sudden bright future.Read more...

Company News

Trade Of The Week: Canadian Loonie

Paddy Power Trader Spread Betting Blog >> 
A mix of views and opinions, records of trades, some educational stuff and more, all related to the financial markets
Earlier this week I highlighted the Ca [ ... ]






+ Full Story
Other Company News
Home Markets Company News HSBC: New Retirement Offering

£200 Trading Bonus

HSBC: New Retirement Offering PDF Print E-mail
Written by Gary Howes   
Tuesday, 19 May 2009 14:42
HSBC launches new Protected Retirement Fund with 100% capital and growth protection.

HSBC (LON:HSBA) has announced that tomorrow (20 May 2009) it is launching an innovative new Protected Retirement Fund option into its group defined contribution (DC) pension proposition.

The offer allows businesses and their employees access to 100% capital protection on pension investments.

In a statement HSBC said, "while maximising potential growth by locking in 100% of the gains achieved from global stock markets."
 
The fund is a first for the UK and HSBC said the global reach of the company allows it the leverage to offer such protection on the retirement fund.

The fund is aimed at cautious investors - of which there will be plenty courtesy of the harsh adjustments the UK and global retirement markets are currently experiencing.

The protection is dependent on investors holding their fund until its maturity.

How does the fund work?

Contributions to the Protected Retirement Funds are allocated between performance assets (utilising a Global Equity Index Tracker) and protection assets, respectively tasked with ensuring savings grow and hold their value.  

The percentage of the fund held in either performance and protection assets is reviewed each day with the aim of providing on maturity at least the highest value the fund reached whilst it had exposure to performance assets.
 
The new low-risk protected fund is available to all sizes of business, and will especially appeal to those keen to offer their employees a high level of protection for their retirement savings, which is of increasing relevance in the current economic turbulence.
 
Ian Martin, head of retirement & life investments, HSBC Insurance UK, commented: “To be able to bring this unique product to market at a time such as this is very exciting.  The concept of a fully protected, long term pension fund for regular as well as lump sum contributions resonates powerfully amongst cautious investors and will help people to save knowing their money is safe.”