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One week left on L&G&#39s capital protection plus 2

Investors have only one week left to take advantage of Legal & General&#39s capital protection plus 2 product.

The plan closes to investors on Friday, February 27 and offers a minimum return of 21 per cent or 50 per cent of any growth in the FTSE 100 index at maturity on March 3, 2010, whichever is greater. The insurer says the product should appeal to cautious investors wanting to at least match returns from a conventional bank or building society deposit account as well as benefit from potential FTSE 100 index growth. The investment must be held for the full six months to receive the 21 per cent minimum return and capital protection.

Legal & General retail investments managing director Claire Stracey says: “Many investors have already chosen capital protection plus 2. These investors will benefit from positive returns even if the FTSE 100 index falls. On the other hand if the FTSE 100 index rises strongly they will have the potential for a greater return.”


Pledge plea on retro reviews

Concerned IFAs are calling for FSA chief executive John Tiner to reiterate the policy of no retrospective misselling reviews, outlined by his predecessor Howard Davies. WDS managing director Julian Stevens says Tiner should now make a formal and official statement to confirm that Davies&#39 view is still policy at the FSA. Stevens says although a […]

Chief justice

We can certainly sympathise with Paul Smith writing about the catalogue of appalling shortcomings in the administration levels at Legal & General. He is not alone and L&G is not the only culprit in the declining administration standards of the insurance industry. We have seen all this before but have been unable to overcome the […]

Ruffer aims to pick the Pacific opportunities

Ruffer Investment Management is launching a Pacific fund to invest in the Asia Pacific region on an absolute-return basis. Ruffer says it is upbeat on the prospects for the Asia Pacific region because of significant improvement in the region&#39s economies, financial systems and corporate sectors over the past few years, as well as the favourable […]

LIA plans code of conduct and ethics

The LIA is planning to restructure as a “true professional body” with a code of conduct and ethics and a disciplinary procedure for members which do not adhere to it. This week, the LIA will be balloting its members on the structural changes in a bid to develop the association&#39s role as a professional body […]

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]


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