View more on these topics

Legal & General says its plans can shield Isa cash from risk

Legal & General is urging investors to preserve the funds built up in their Peps or Isas by transferring to its protected index plan 2 or index growth and protection plan.

It says many investors have built up big capital sums over the years and may want to protect capital from stockmarket turbulence.

It says by transferring investments, investors can have exposure to stockmarkets without potential of loss of capital.

The protected index plan 2 is linked to the FTSE 100 index and offers capital protection and a maximum investment growth of 55 per cent.

The index growth and protection plan offers capital protection and 70 per cent of unlimited growth of the FTSE 100 index.

Both have a fixed term of five-and-a-half years. Capital is only protected if the plan is held until maturity.

Retail investments marketing director Claire Stracey says: “We believe the outlook for UK equities is more positive. Investors who have built up sizeable capital sums in Isas and Peps and who want to be in the right place to take advantage of any recovery in the UK equity market could consider transferring their investment.

“Some investors may be wary of continuing their investment, fearing further capital loss but these plans give investors the opportunity to stay in the market without worrying about the risk to their capital from further market falls.”

Recommended

Pru in talks to take on Equitable annuitants

Equitable Life and Prudential have held talks which could lead to the bulk transfer of all of Equitable&#39s beleaguered annuitants.In Equitable&#39s preliminary announcement out this week, the society accepts that individual with-profits transfers are faced with many legal, regulatory and practical hurdles.But it accepts that these problems could be dealt with through a bulk transfer […]

Don&#39t look a gift house in the mouth

Successful businesses need to consider constantly both the short and anticipated long-term factors that may impact on their markets and clients in order to shape and continually adjust their tactics and strategy. Failure to consider short-term issues hits the bottom line and is very quickly evident. Consequently, remedial action must usually be taken sooner rather […]

Reinventing the deal

MM: Why launch a new protection company now?DR: Most of the motivation comes from wanting to imp-rove the service to IFAs. Doing the right things in terms of the products and certainly the service proposition. There is a good opportunity to almost reinvent what protection insurance is all about. MM: Are the service levels of […]

Human nature

One of the principal challenges for any adviser wanting to operate successfully in the stakeholder market is how to do so profitably.The paltry levels of commission that can be afforded out of the price-capped product have turned this Government&#39s flagship pension product into something of a Marie Celeste.However inadequate the direct remuneration may be, all […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment