L&G has unveiled its 6 Year Growth Deposit Bond 7 aimed at more cautious investors.
The plan offers a minimum return of 15% at maturity (2.36% AER) or an upside potential of 100% of any capital growth in the FTSE 100 index (subject to averaging), up to a maximum of 50% of the original investment, whichever is greater. It also aims to return the investors' original capital at the end of the fixed term, which is 6 July 2017. The offer period for the 6 Year Growth Deposit Bond 7 runs from Monday 26 April to Friday 17 June 2011 and the contract start date is 6 July 2011. The deposit is backed by RBS. Legal & General's head of business development, James Harrington said: ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
