Retail Investment Products

Refreshed September 2023 | CPD time: 45 Minutes

The term ‘retail investment product’ encompasses all of the following: a life policy, a unit in a collective investment scheme, a stakeholder pension scheme, a personal pension scheme, an interest in an investment trust savings scheme, a security in an investment trust, any other designated investment which offers exposure to underlying financial assets in a packaged form which modifies that exposure when compared with a direct holding in the financial asset, and a structured capital-at-risk product, whether or not any of these are held within an ISA or a child trust fund. This module provides all necessary definitions and an understanding of life policies, stakeholder and personal pension schemes, units, investment trusts and savings schemes, structured capital-at-risk products and alternative investment options.