Norwich Union is entering the protected product market with the launch of a four-year guaranteed cap...
Norwich Union is entering the protected product market with the launch of a four-year guaranteed capital bond called Prosper. The product, available from 28 January to 1 March, offers a guaranteed return of 100% of the sum invested, as well as growth linked to the FTSE 100. The index is measured over eight six-month periods. In each of the periods, the bond's gains or losses will mirror the index's, with maximum gain capped at 6.5% and maximum loss limited to 6.5%. This means the maximum growth of the fund will be 52% but any fall below 100% will not be suffered by the investor. The ...
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