The plan offers 7.35 per cent annual income or 0.5927 per cent monthly with gains linked to the FTSE 100.
Capital will be at risk if the index falls by 50 per cent or more from its starting level at any time during the investment term.
The plan invests in securities issued by The Royal Bank of Scotland who have a Standard & Poor’s credit rating of A+ the time of writing.
Minimum investment is £7,200 and £3,600 for Isa transfers and IFA commission is 3 per cent.
NDFA marketing manager Ronan Gelling says: “The defined income plan March really seemed to hit the right note with investors and IFAs alike, so it made sense to put together a similar product for April. We’ve managed to retain The Royal Bank of Scotland as the counterparty and, once again, income is fixed for the next 5 years.”
“I’m extremely confident about the prospects for this plan. Investors are searching for a good rate of income without exposing their initial capital to too much risk.”