GE income plan

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GE Life is to launch the High Income and Growth Plan III, which is Isable and available as a Pep tra...

GE Life is to launch the High Income and Growth Plan III, which is Isable and available as a Pep transfer, writes Fiona Henderson. The product is available now and the issue will close on 12 January. The plan will purchase shares in an investment company that 0invests in equity-linked deposits issued by Abbey National Treasury Services. The aim is for the equity-linked deposits to generate income, allowing the investment company to pay 9% income per annum, or 30% growth at the end of the product's three-year life. Unless the FTSE 100 Index falls further than 20% from the start date, the...

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