A): We have received many similar enquires and although these banks are not providing advice for these and other products, there are still ways to get financial advice.
During March alone, an estimated £1.07bn of Structured Products will be maturing from Lloyds, RBS, Barclays, Santander and others who no longer provide financial advice.
With these maturing products, an important point to note is that if your current investment is held within an ISA, it is important to consider retaining the ISA benefits. This can only be undertaken by an ISA Transfer and you may need to act quickly to retain this status. If the investment is not in an ISA, on maturity of the plan, you may well have tax issues to deal with. You should receive a tax certificate that may be required when completing your tax return.
We would strongly recommend you speak to a qualified independent financial adviser who can advise you accordingly. At DGS we can research the whole of the market to find the most appropriate solution for you.