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L&G rolls out latest structured product offering

Legal & General has issued its latest structured product offering, designed to pay 100 per cent of any capital growth in the FTSE 100 over its fixed term of five and a half years.

Maturing on December 23, 2009, the index growth and protection plan 2 offers capital protection as long as the investment is held for the entire term.

It is aimed at cautious investors who want to benefit from the growth of equities but don&#39t want their savings exposed to the full vagaries of the open markets.

The only circumstances in which investors&#39 capital is not protected would be if the financial institutions with at least an &#39A&#39 financial strength rating from Standard & Poor&#39s in which the money raised through the plan is invested were to default on their payments.

Minimum investment is £500 with no maximum unless invested through an Isa-wrapper.

Retail investments marketing director Claire Stracey says: “Investors have the comfort of knowing that their capital is protected and yet benefit from any growth in the FTSE 100 Index when this investment matures.”


Ex-member claims that Sesame&#39s bad timing cost it £15k

A former Sesame member says incorrect advice from the network is costing it £10,000 in unnecessary FSA fees. Burton Investment Services says it wound down its practice in March 2004 rather than December 2003 after advice from a Sesame senior account manager which told them that was when the FSA&#39s charging year would end. But […]

Squirrel brings Mortgage Assess on board

Mortgage network Squirrel Financial Management has announced it has joined forces with the CII/Sofa training facility Mortgage Assess making its online T&C service available to its members. It includes an assessment test so advisers can gain an indication of their current levels of knowledge and training modules so they can revise particular product areas. SFM […]

Scottish Life International – Safe Combination Bond

Type: Capital-protected offshore bond Aim: Growth by investing in Scottish Life International&#39s Protected UK Index 100 and Protected UK Index 95 funds Minimum investment: Lump sum £15,000 Term: None Investment split: 100% linked to the performance of Scottish Life International&#39s Protected UK Index 100 and Protected UK Index 95 funds Return: Depends on quarterly growth […]

Abbey launches IFA publication

Abbey for Intermediaries has launched the first issue of Investment News, a bi-monthly publication for IFAs with features on the market. The launch issue includes an article on structured products, looking at why guaranteed investments are so important to IFAs&#39 businesses in the context of falling unit trust and with-profits sales. It also includes an […]


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