Nvesta launches Safety First fund

Nvesta, the Eurolife subsidiary, is to launch a three-year product with returns linked to the performance of the FTSE 100 and S&P 500 indices. The Safety First plan offers three options to investors ' 8% annual income, 36 monthly payments of 0.62%, or 26% at maturity. Invested capital is not protected if either of the two indices has fallen by more than 30% of its starting level at any point in the last year of the product's lifetime. If this occurs, the total loss of invested capital is 1% for each 1% fall in both indices. Therefore if the FTSE 100 fell by 31% and the S&P 50...