Woolwich Life debuts equity bond with guaranteed returns

Woolwich Life has launched a Guaranteed Equity Bond with sections linked to the FTSE 100 Index. The Guaranteed Equity Bond offers stock market growth, while guaranteeing a return of initial capital at the end of a five-year period. At the end of the term a return based on the growth of the FTSE 100 is payable up to a maximum of 40% of the original investment. An average of the FTSE 100 index over the final 12 months will determine the investment return. This means investors will not be fully affected by a sudden drop in the index and equally, will not benefit fully from growth in the la...