View more on these topics

GE Life offers growth options on FTSE plan

GE Life is offering a five-year structured growth plan linked to the FTSE 100 with a choice of level of capital protection.

The growth option plan offers either a full return of the initial investment or 80 per cent capital protection.

Option one returns the original investment at maturity and gives 80 per cent of growth in the FTSE 100 over five years. Option two protects 80 per cent of capital while giving 100 per cent of FTSE growth.

Minimum investment is £7,000 and maximum £1m for either option. Commission is 3 per cent. The offer closes on October 25.

Managing director David Evans says: “Falling stockmarkets and the uncertain future of with-profits are forcing investors to look at ways to protect the return of their investments.

“In this new plan, investors choosing the 100 per cent protection option are safe in the knowledge that they will benefit from a rising stockmarket without putting their capital at risk. However for investors wishing to do so, the second option allows them to put just 20 per cent of their capital at risk in return for an even greater reward if the stockmarket rises.”

“The plan is designed to meet the increasing demand for clear, transparent investments where the investor can readily track the progress of their investment. Investors must seek professional advice to ensure the plan fits with their investment portfolio.”

Recommended

Zurich takes over NU&#39s life link with Newcastle

Zurich has replaced Norwich Union as strategic partner of Newcastle Building Society for life products, its third direct distribution tie-up of the year.The deal sees NU&#39s 13-year relationship with Newcastle end as Zurich offers a deal that sees the salesforce stop being NU introducers and become Newcastle appointed representatives, tied to Zurich.Newcastle has 51 branches […]

Mortgage Brain and Mortgage 2000 merge trading platforms

Sourcing systems Mortgage 2000 and Mortgage Brain are merging their trading platforms which they say will create the industry standard for mortgage intermediaries. The two companies will remain as separate entities with their sourcing systems unchanged but the new common trading platform, called the Mortgage Trading Exchange, will allow intermediaries to trade electronically with 70 […]

Wesleyan in deal with the BMA

Wesleyan Assurance Society is buying Professional Affinity Group Services from the British Medical Association for an undisclosed sum. PAGS will continue to trade as British Mediacal Association Services.Wesleyan Assurance Society chief executive Peter McNamara says: “We are delighted to have reached agreement with the BMA to operate their membership services business, BMAS. I strongly believe […]

IFAs warn they could drop A&L loan over procuration

Mortgage intermediaries are warning that they will either have to charge a fee or stop selling Alliance & Leicester&#39s newest discount loan because the procuration fee is too low to make it profitable.On A&L&#39s two-year discount product fixed at 3.7 per cent, the brokers&#39 fee is £150 for arranging a £250,000 loan compared with the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment