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L&G adds sixth tranche of protected FTSE plan

Legal & General is offering a sixth tranche of its protected capital growth plan, with returns linked to the performance of the FTSE 100 index.

The product, which runs for six years, offers a minimum of 21 per cent growth or 50 per cent of the rise in the FTSE 100 if this is greater.

It is available for an eight-week offer period from until November 4 and matures on November 9, 2011.

Minimum investment is 500 and the plan is available for Isas and Pep transfers.

Commission is 3 per cent initial but is not offered for transfers from existing L&G investments.

L&G is also launching a fourth tranche of its accelerated growth investment plan which offers 125 per cent of any growth in the FTSE 100 over five years. Commission is 3 per cent.

Retail investments marketing director Claire Stracey says: “We have held the term in response to feedback from both investors and advisers.”

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