L&G expands capital protected series

The new plan provides investors with 160% of any capital growth in the FTSE 100 Index over its six year term plus 100% capital protection at maturity. It includes an early payment feature, which means the investment could close early if the FTSE 100 Index grows strongly. L&G will activate the early payment feature if the FTSE 100 Index has grown by 15% or more at the third anniversary. The customer cannot continue investment if the investment closes after the early payment feature’s activation. Jamie Vale, investment development director of individual wealth at Legal & General, says: “...