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Julian Gibbs

With the UK stockmarket around 50 per cent off its high and European markets around 60 per cent off, a plan which gives a potential return of 100 per cent over five-and-a-half years looks to me to be outstanding value for money, especially as there is 50 per cent downside protection.

The NDF Growth Plan 2 gives double the rise in the FTSE 100 index over this term, subject to maximum maturity proceeds of 200 per cent. It provides a superb opportunity for underperforming Isas and Peps. For example, if the value of a client&#39s initial investment into their Isa or Pep has fallen by, say, 40 per cent, it will need to recover by 66.6 per cent, ignoring charges and dividends, for there to be full capital repayment.

However, by transferring to the double-growth option, which gives double the rise in the FTSE 100 over five-and-a-half years, with a 100 per cent cap on investment growth, the market only needs to recover by half that amount, that is, 33.3 per cent.

For more conservative investors, there is a 40 per cent fixed-growth option, again with 50 per cent downside protection. For those who want income, with the same protection, there is a 6 per cent a year return linked to the FTSE 100 index or 7 per cent return linked to the EuroStoxx 50 index.

There is a double Isa opportunity so investors can invest up to £14,000 tax-free (£28,000 for a married couple). Direct growth investors can also use their capital gains tax allowance.

In a recent survey of fund managers, 17 out of 23 were positive about the UK stockmarket, with most of the rest being neutral. Over half gave positive forecasts for European stockmarkets.

I particularly like the double-growth plan and, for income, the 7 per cent plan linked to the EuroStoxx index gets my vote.

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