Zurich targets cautious clients

Zurich has launched another version of its Guaranteed Capital Account, a five-and-a-half year bank deposit account for cautious investors. Offering a money-back guarantee and interest linked to stock market growth, this latest version gives 125% of any growth in the FTSE 100 index over the period. "These funds target a clear customer who needs to retain their capital but can afford to make use of their interest in the stock market," said Paul Wright, Zurich's investment management director. Other key features include an early maturity deal, with 30% gross interest if the index has grown by...