Jubilee unveils BofA as new credit for income product
Jubilee Financial Products has launched two structured investments, including a new income product issued by Merrill Lynch, part of Bank of America. The Regular Income Plan is designed to pay 1.625% every quarter to investors, totalling an annualised rate of 6.5%.
Merrill Lynch/Bank of America-issued products are unusual in the UK independent financial adviser (IFA) market, which was part of the reason Jubilee opted to distribute the investment, says Jakob Bronebakk, associate partner in the
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