Legal & General has launched an investment plan offering a 140% return of any capital growth in the FTSE 100 over its six-year term.
Investors in the plan, Growth Investment Plan Plus 12, will also receive 100% capital protection at maturity on 5 March 2014.
The plan includes an early payment feature, which means the investment could close early if the FTSE grows by at least 15% at year three.
Jamie Vale, investment development director of individual wealth at Legal & General, says: “Growth Investment Plan Plus 12 may also be attractive to investors who have not yet used their ISA allowance for 2007 to 2008 and are looking for the potential for high returns while protecting their initial capital.”
Customers can make investments in the plan as a maxi ISA, mini stocks and shares ISA, for PEP and ISA transfers and direct share investment.
The plan carries a minimum investment of £500. It has a maximum investment of £7,000 for maxi ISAs and £4,000 for mini stocks and shares. The plan puts no limit on PEP and ISA transfers and direct share investments.
Investors in Growth Investment Plan Plus 12 receive ordinary shares in the Growth Investment Plus XII sub-fund of Dublin-based Legal & General Protected Investments.
The provider offers the plan for seven weeks until Friday 29 February.
Growth Investment Plan Plus 12 pays a commission to advisers of 3% of the sum invested but no commission on switches from existing Legal & General investments.
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