Protected bonds from ALIL

Alliance & Leicester International (ALIL) has launched a five-and-a-half-year capital protected bond that is linked to the FTSE 100 as well as a one-year fixed rate bond. The Capital Guaranteed Maximum Growth Bond runs for five and a half years unless the FTSE 100 grows by more than 30%, then it will mature after three years. If this is the case then investors will receive all their capital back plus 30%. The bond is aimed at the short to medium-term investor and customers can invest between £5,000 and £1,000,000 into the product. Simon Hull, managing director of ALIL, said: "There a...