HSBC to offer new retirement funds with access to global equity

HSBC has launched a new raft of protected retirement fund that will allow pension savers to capitalise upon growth in global equity markets.

The new finance options, aimed at trustees of occupational pension schemes, are intended to eliminate the risks traditionally associated with such funds by protecting capital with a minimum guaranteed return.

Investments will also be exposed to global equity markets, which will allow consumers to develop their savings in accordance with a variety of regional indices.

HSBC is hoping that the new scheme will encourage traditionally cautious savers to be more positive about investing.

Ian Martin, head of retirement and life investments at HSBC Insurance UK, said: "The Protected Retirement Funds are ideal for investors who want to save for their future while insuring against the risk of losing some of their hard-earned savings and investment returns in increasingly difficult markets."

Earlier this week, savings provider Standard Life criticised the existing range of over 50s finance options, claiming that savers are becoming alienated by the current inflexibility in pension options.

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