Lowes fails three products

The Morgan Stanley FTSE Capital Plus Plan 3, the Scottish Widows Guaranteed Investment Bond and the HSBC Capital Growth Plan were not endorsed by the IFA firm. In terns of the Morgan Stanley FTSE Capital Plus Plan 3, Lowes Financial Management said the participation rate to enable any further growth to be achieved is very uncompetitive. According to the IFA firm, this uncompetitiveness means the FTSE 100 Index would have to grow by approximately 48pc or more for the minimum return to be exceeded. On a positive note, the IFA firm said the plan provides the security of a minimum r...