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Morgan Stanley unveils new plan

The Morgan Stanley FTSE protected growth plan 7 is a FTSE 100 linked guaranteed equity bond that could mature earlier than its six-year term.

The bond guarantees the return of investors&#39 original capital regardless of the performance of the index. They will get 120 per cent of the growth in the index if the bond runs for six years, but it will mature in year three if the FTSE 100 index has risen by at least 30 per cent by November 29, 2007. Where this happens, investors will get 30 per cent of their investment plus their original capital back.

According to, there are no similar products currently on the market. However, the Woolwich Plan Managers capital growth plan is a similar product with a five-year term. Investors with Woolwich will get a full capital return regardless of the performance of the index plus 100 per cent of the growth in the index if the product runs full term.

There is an early maturity option on the Woolwich bond which can be selected at the outset. If this option is selected, the bond will mature after two years and six months if the index has risen by at least 25 per cent by that point and investors will receive 25 per cent of their original capital.

When choosing between the products, it may simply be a case of investors preferring to tie their money up for five years or six years.


Two-year tracker range from Yorkshire BS

Yorkshire Building Society is today launching a range of two-year tracker mortgages with no early repayment charges.The new deals offer homeowners a tracker rate set at 0.25 per cent below the Bank of England base rate which currently stands at 4.5 per cent. Borrowers moving their mortgage will pay Bank of England base rate for […]

Johnson off to a flying start as he asks life offices for policy ideas

Newly appointed Work and Pensions Secretary Alan Johnson has hit the ground running by contacting the boards of major life companies directly to ask them to put together policy proposals. He has asked many of the UK&#39s life office directors to provide their views and suggestions on compulsion, pension reform, stakeholder, pension credit and simplification. […]

Close bears fruit from Berry

The Close Finsbury multiasset portfolio is an Oeic fund of funds that aims for growth by investing in a range of asset classes including equities, bonds, property and hedge funds. In keeping with Close Finsbury&#39s policy of outsourcing, the fund will be managed by Berry Asset Management. Berry was chosen because it has managed multi-asset […]

Stewart Ritchie on Pensions

One of the most extraordinary aspects of pension tax simplification is the new investment regime after April 6, 2006. For more than a quarter of a century, the Inland Revenue has policed small self-administered schemes to prevent incestuous transactions, investment in residential property, non-income producing assets and so on. When self-invested personal pensions started, the […]


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