Walker Crips bags second issue of Fixed Income Plan

Walker Crips Structured Investments (WCSI) has launched the second issue of its five-year Fixed Income Plan, offering an annual income of 7.6% or a quarterly income of 1.85%. The plan repays capital in full, providing that the FTSE 100 index does not fall more than 50% below its initial level. If this occurs and does not recover to its initial level, capital is lost in line with the index.

The second issue follows the product's inaugural launch in November. "We believe that given the recent falls in interest rates, this is an ideal time for investors to lock in a high level of fixed return with limited risk," says Nick Hansen, head of Structured Investments at Walker Crips.

The plan is available for distribution through financial advisors and is eligible for direct investment, as well as through Isas, corporate and trust investment, and pension investment. The closing date for