Income Isa has growth option too

Third party administrator New Direction Finance, in conjunction with Abbey National, is launching a guaranteed Isa with a headline income of 9% over three years on 22 November. There is also a growth option of 28% at maturity. Initial commission for IFAs of 3% is available. The offer period closes on 20 January. Although returns from the product are guaranteed, return of original capital is not. That depends on the performance of the EuroStoxx 50 Investors will receive all their returns plus original capital if the index does not drop more than 25% from its starting point by maturity. If ...