Scottish high income

Scottish Equitable is launching a five-year High Income investment product paying 9.25 per cent annually, net of tax. Investors will only get their money back if the FT-SE 100, on which it is based, goes up by at least 5.95 per cent each year. Should it rise by less than 4 per cent a year, the amount returned after income is paid is barely 60 per cent of the investment. Details from independent financial advisers.