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Bristol & West and Family Assurance launch Protected Savings Plan

Bristol & West and the Family Assurance Friendly Society have joined
forces to launch a new capital protected, tax-exempt product for the
IFA market.
The Protected Savings Plan provides capital protection as well as
taking advantage of friendly society tax-exemption rules, which allow
regular investments of £25 a month over ten years. Also, because
the PSP is written as a friendly society product, the plans can be
written for children.
Available from March 15 to April 1, all contributions are returned at the
end of the initial 10 year term, regardless of stock market
performance. Commission of £80 per plan is available.
Bristol & West head of third party distribution Jim Goddard-Jones
says: “The PSP is a genuine innovation in the use of structured
products in the UK. This project has brought together the experience
and expertise of two very different organisations to produce a product
that has a unique combination of features and provides an ideal
solution for a wide range of needs.”

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