Legal & General has rolled out the latest tranche in its capital protected investment range, a FTSE 100-linked plan providing 100% of any growth in the index.
The six-year Growth Investment Plan Plus 18 includes an early payment feature, meaning that if the index increases by 12% or more at its third anniversary the investment will close, enabling investors to access their capital.
If this is not the case, the plan will pay out at a level 50% higher than the growth trigger point to ensure investors are not disadvantaged if the stock market continues to grow.
Investors in Growth Investment Plan Plus 18 receive ordinary shares in the Growth Investment Plus XVIII sub-fund of L&G's Protected Investments.
Minimum investment is £500 for ISAs and £10,000 direct. Adviser commission is 3% of the sum investment. The offer period runs until 27 February.
Legal & General's investment development director Jamie Vale says: "Growth Investment Plan Plus 18 could offer an alternative to savers looking to generate higher returns who may have concerns about exposure to equity markets. Savers in traditional cash deposit accounts have the opportunity to benefit from potentially higher returns without the worry about whether stock market share prices will fall in future."IFAonline
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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