Investors have only one week left to take advantage of Legal & General's 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.”