L&G increases minimum return on equity bonds

The new bonds – Three Year Capital Guaranteed Bond 3 and Six Year Capital Guaranteed Bond 3 – will be launched on 9 July and will be available for investment for a limited eight week offer period until 31 August. Product Development director, Jamie Vale, said: “Investors’ original capital is guaranteed and will be returned in full, even if the FTSE 100 Index falls, provided the investment is held for the full term.” Investors with Tessa-only ISA and cash ISA holdings have the opportunity to transfer their investment to the Three Year or Six Year Capital Guaranteed Bond 3 products. ...