Scottish Mutual launch Income and Growth Plan 2

Scottish Mutual launched the Income and Growth Plan 2, today. The product has a term of five years and two months from the effective date of 3 May 2002. It offers three income options, 8.05% annual, 1.92% quarterly or the growth option which pays out 42% at the end of the plan term. Capital return is dependent on the performance of the Dow Jones Eurostoxx 50 Index. The level of the index on 3 May 2002 is compared to the level of the index at all points during the "tracking period" (4 June 2003 to 17 May 2007). If the index during the tracking period is no more than 20% ...