L&G launch sixth GIPP

Investors benefit from this early payment option if the index grows rapidly, in which case they will get their original investment plus a maturity payment at 10pc. If the FTSE100 index has grown by 15pc or more on the third anniversary, investors will receive 25pc return and if it grows by 20pc over four years this payment is 30pc. If it has grown 25pc or more on the fifth anniversary, investors will get a 35pc return. The product, the sixth plan in L&G’s capital protection series, is expected to appeal to clients who want some equity exposure but place high value on capital preservat...