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Scottish Mutual launches income and growth plan

Scottish Mutual has launched a new income and growth plan which combines an Isa with direct share investment.

The single premium plan buys shares in Dublin-based investment company Census Investments 24. Census invests in 32 blue chip stocks from FTSE 100 including HSBC, Legal & General and Reuters.

Return on capital depends on the performance of the 32 stocks. Investors have the choice of a fixed annual income of 10 per cent, quarterly income of 2.4 per cent or growth of 31 per cent. The investment term is three years and two months and commission to IFAs is 3 per cent.

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