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Latest protected plan launched by L&G

Legal and General is to continue its Capital Protected Investment Series with the launch of the protected index plan 3, available from April 28.

The provider says the plan, which has a minimum investment of £1,000, is suitable for investors wanting a low risk option in the face of equity market volatility.

It is open for investment until June 6 and is linked to growth in the FTSE-100 up to a maximum of 55 per cent.

The plan must be held for five and a half years with investors guaranteed their initial capital back at the end of that period.

It is available as an Isa, Isa/Pep transfers and through shares and IFA commission is capped at 3 per cent.

Retail investments marketing director Claire Stracey says: “Investors still appear to be approaching stock market investment quite cautiously. Investment in equities is running at lower levels than have been experienced in previous years. Our latest product offers the opportunity to gain exposure to equity market growth prospects with protection of capital at maturity.”

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