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GE targets over-50s with income and growth plan

GE Life has set up an income and growth plan for the over-50s market, offering investors a fixed annual gross income of 10.25 per cent.

Investors have the choice of either monthly income of 0.78 per cent, annual income of 10.25 per cent or capital growth of 33 per cent over the product&#39s term of three years two months.

The Dublin-based plan is linked to the performance of the Dow Jones Euro Stoxx 50 index.

Investors will get all their initial investment if the index does not fall by more than 20 per cent at any time during the term of the investment or if the final level is at or above the initial index level.

GE Life managing director David Evans says: “We recognise that people are looking for tax-efficient investments. This product gives investors the opportunity to use their Isa allowance for tax-free investment.

“It has been designed to meet the needs of people who want the security of fixed income but also want to limit the risk to their investment.”

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