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Castle Trust HouSAs approved by Nucleus

Robyn Hall

April 2, 2013

The contract with Nucleus for HouSAs – which include a Growth and an Income product – means they are available through a further 400 adviser firms employing more than 1,500 advisers.

Sean Oldfield, chief executive officer, Castle Trust, said: “Residential property provides good diversification to an investment portfolio and has delivered similar returns to equities over the years but with lower volatility.

“Nucleus’s agreement to list HouSAs on its platform underlines the determination of both Nucleus and Castle Trust to deliver innovative solutions to investors.”

Barry Neilson, business development director at Nucleus, added: “As a platform with a firm belief in true open architecture, we strive to provide advisers and their clients with the widest choice of investments possible and we are pleased to be the first to make Castle Trust’s HouSAs accessible to our users.”

The platform agreement is a further boost for the residential property index trackers which are also included in the UK’s leading risk profiling service Distribution Technology’s model portfolios.

Nucleus, which recently passed the £5 billion assets under administration landmark, currently offers access to more than 4,000 funds.

Castle Trust’s Growth and Income HouSAs are suitable for SIPPs, ISAs and Junior ISAs and can be taken out for terms of three, five or ten years.

The capital value of the Income HouSA tracks any rise or fall in the Halifax House Price Index and pays an annual income of between 2% and 3%, depending on the term of the investment, while the Growth HouSA provides a multiple of between 1.25 x and 1.7 x any increase in the Halifax House Price Index and limits the loss to between 0.75 x and 0.3 x any decline. Both are available for investments of between £1,000 and £1million.


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