Societe Generale website
Societe Generale is launching its first of a range of UK deposit plans following consultation with a number of UK financial advisers.
The aim of the new range is to provide financial advisers
and their clients with a way to potentially enhance the expected return of cash deposits in a low interest rate environment.
Using a UK deposit taker was an essential consideration for the new plans so Societe Generale recruited the
help of SG Hambros Bank Limited; a UK subsidiary of Societe Generale Group. SG Hambros Bank Limited is
permitted by the Financial Services Authority to take deposits from retail investors in the UK, and as such is the
Deposit Taker for the Societe Generale Plans.
The first of these deposit plans is the UK Range 7 Deposit Plan 1, a six year deposit linked to the performance of the FTSE 100.
The aim of the plan is to pay an annual coupon of 7% (gross) for each year of the investment term and to return the initial deposit in full at maturity. Returns will be subject to FTSE performance and certain levels being reached.
The product is eligible for investment within a cash Isa, Sipp and Ssas and is available through Gilliat Financial
Solutions, during the initial offer period. The offer period runs from 22 October to 4 December, 2012 and the minimum investment is £3,000.
The plan administrator, Gilliat Financial Solutions will manage the administration of the plans. Gilliat is an independent specialist in the design and distribution of structured products and structured deposits and is part of the Arbuthnot Banking Group.
