View more on these topics

A plus from L&G

Legal & General has established protected portfolio plus, a capital protected Isa that is linked to 30 UK stocks for five years.

This Isa follows on from the four previous products in the protected portfolio series, but is different in that it offers higher potential growth. Investors will get 120 per cent of the average growth in the basket of stocks, whereas previous protected portfolio products have offered 100 per cent of this growth. Like the previous products, protected portfolio plus guarantees investors the return of their original capital whatever happens to the basket of stocks.

The stocks themselves are taken from a universe of the top 200 companies in the UK. They include Alliance & Leicester, BSkyB, Hilton, Safeway and Royal Bank of Scotland.

To calculate the final returns, the closing level of each stock is recorded at the start of the term and an average is taken over the last 12 months of the term, to measure any growth. An average is then produced across all 30 stocks and investors get 120 per cent of this.

Protected portfolio plus is likely to appeal to low-risk investors who are interested in higher returns than are possible with building society accounts, but without the risk to capital that direct investment in a basket of shares would entail. However, the capital protection will only apply if investors hold the Isa for the full five-year term, so it may not suit investors looking for a short-term investment.

But on the positive side, each stock is treated separately when calculating the final returns, so the poor performance of one or two stocks will not impact on the good performance of the other stocks.

Recommended

Red light wants EIS green light

Stars including Reservoir Dogs&#39 Michael Madsen are seeking financing through a UK Enterprise Invest-ment Scheme to produce Red Light Runners, a Lon-don-based heist caper film.Budgeted at £8m, the film needs to attract an initial £2m – the minimum to cover the production costs of a straight-to-video film – by July 17 before its producers can […]

Newbury Building Society – Jubilee Bond

Wednesday, 26 June 2002 Type: High interest account Minimum-maximum investment: £10,000-£100,000 Interest rate: 4.7% gross a year Term: Until June 11, 2004 Offer period: Until further notice Withdrawal penalties: No withdrawals permitted during term Tel: 01635 555700

Choose your own pace for training online

The Financial Services Training College is setting up a web-based training service allowing IFAs to manage their training at their own pace.It has spent two years and £2.5m developing the serv- ice, which will be be available through firms&#39 intranets or via the internet.The training body is also launching a new website, at www.fstcollege.com, giving […]

Clark&#39s cash plan is music to DJ&#39s ears

The star of PIMS must be Torquil Clark managing director Don Clark. With the work done, many delegates were prepared to burn the midnight oil at the Aurora&#39s disco Masquerade.At 3am, the DJ announced the last song but this did not satisfy Clark. After intense negotiations, Clark seized the microphone and called on the assorted […]

Thumbnail

Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com