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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.”


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