Barclays Wealth enhances defined return plans

Barclays Wealth has bumped up the rates on its latest range of defined returns plan (DRP) investments, offering 24% in the three-year option (up from 20%), 36% in the four-year (from 30%), and 48% from the five-year (from 40%). The new products are available as the DRP Capital Protection and the DRP Annual Kick-Out.

All three tenors offer full capital protection when held for the term and will deliver the returns provided the FTSE 100 is equal to or higher than its starting level. DRP Annual Kick-Out, also available from August 1, offers investors a 12% return (up from 10%) for each year the plan is in force.

If the index matches or exceeds its starting level on any of the plan’s annual anniversaries, it will automatically mature and deliver 12 per cent multiplied by the number of years that the plan has