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DWS is to close its Ratebuster product in April 2006 and head of retail Andy Clark is "turning out the lights" on the firm's retail operation.
Ratebuster was launched in March. It has performed poorly and is expected to return even money on an initial investment.
At launch, Ratebuster targeted annual returns of 7.75 per cent by investing the interest accrued from depositing the money in securities.
Deutsche Bank backed the product but Aberdeen has decided to...