HSBC Investments expects to launch its next product on 19 October, according to director Chris Taylor, who broke the news at a seminar held by SRP’s sister site SRPAdviser, at London’s Dorchester Hotel yesterday .Taylor was not yet able to release product details, but said the product will be fairly plain vanilla, with market-leading rates and will be available across all channels.
Taylor also said HSBC Investments has begun writing bespoke business and intends to formally launch a bespoke service in the new year, with minimums on some products as low as £500k to cater for individual investments or small pools from a single IFA.
He added that the firm also believes CPPI, which has raised around £2bn in the last couple of years, has 'scope', but has not yet decided how it can derive value from the management technique.
