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L&G offer Protected Index Plan 5 from August 18

Legal & General is now offering Protected Index Plan 5 as part of its protected investment series, available from August 18 to October 10.

Described as for investors looking for a low risk equity market investment, protected index plan 5 provides growth in the FTSE 100 index up to a maximum of 55 per cent. The plan must be held for five and half years and offers capital protection at maturity.

Investors receive ordinary shares in Protected Index V, a sub fund of Legal and General Protected Investments, an Irish listed, variable capital investment company.

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