Morgan Stanley launches Gilt-Backed Growth Plan 9

The plan is designed for investors with a moderately positive outlook on UK equities but with no firm view on timing. From year two of the plan and on each subsequent anniversary of the start date of the plan, the level of the FTSE 100 index is recorded. If the index is equal to or above the start level, the kick-out feature is triggered and investors “lock in” a fixed return of 7%. The first opportunity for investors to leave the plan occurs in year two where, if the kick-out is triggered, investors will receive a fixed return of 14% (2 years times 7% per annum) plus their initial in...