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GE launches fourth income plan

GE Life has launched a high income and growth plan, the fourth in a series.

The plan offers a fixed annual income of 10.25 per cent, flexibility in taking either a monthly or annual income with the option of investing for growth, return on capital linked to the performance of the Dow Jones Euro Stoxx 50 Index, the listing of blue chip European companies and a link to an Isa for tax free investment. If the index drops by more than 20 per cent, the initial capital is returned in full.

The plan, which is being launched August 28 and closes to new investment on October 5, is targeted to the 50 plus market.

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