Legal & General is to launch a Protected Index Plan that offers 100% capital protection and up to 60...
Legal & General is to launch a Protected Index Plan that offers 100% capital protection and up to 60% upside in the FTSE 100 after five-and-a-half years. If the index falls, capital will not be reduced. The Dublin-listed product, available for a minimum investment of £1,000, can be held through an Isa or Pep, or direct. Investments close on 14 March and 3% initial commission is offered to intermediaries. Legal & General launched several similar structured products during 2002.
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