Abbey launches Guaranteed Growth Plan

The Guaranteed Growth Plan (GGP), available for three-and-a-half years, offers whichever is the higher of 5% over the three-and-a-half year period or 50% of the FTSE 100, capped at 35%. The product is also available as a six-year plan, for which Abbey offers a guaranteed minimum return of 20% over the six years or 50% participation in the FTSE 100 Index, capped at 60%. Abbey says the GGP is tax efficient as returns can be free of income and capital gains tax as the annual CGT allowance is currently £9,600. Reza Attar-Zadeh, head of savings and investments at Abbey, says: “Given the volat...