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Premier plan offers 6.5% annual income

Premier Fund Managers is offering a structured product featuring an annual income of 6.25 per cent a year or 0.5 per cent a month over five years.

The Premier extra income plan also offers a growth option of 34 per cent over the five-year term, with 100 per cent of the original capital returned if the final value of the Dow Jones Eurostoxx 50 index is as high or higher than its start value. The original investment is also returned if the Eurostoxx 50 never falls below 70 per cent of the start value during the investment period. If it falls below 70 per cent, then the capital returned is reduced by 1 per cent for every 1 per cent the final value is below the start point.

The plan qualifies for Isa investments and Isa and Pep transfers. Early investors will receive interest at a rate of 4 per cent until the start of the investment period on February 22, 2003. Minimum investment is £7,000, with a maximum of £1m and the offer period extends until January 31, 2003.

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