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Scottish Widows launches new capital protected fund

Scottish Widows has launched a new six-year capital protected fund designed for savers seeking growth as well as capital security.

The capital protected fund offers 100 per cent capital protection if held for the full term and 150 per cent participation in the FTSE 100 with a cap on growth of 50 per cent of the original investment.

The product is available as an Oeic investment or as an Isa with a minimum Oeic investment of £3000 and maximum of £250,000 and £7,200 in an Isa.

Scottish Widows head of savings & investment Gordon Greig says: “Our new capital protected fund is ideal for those who want to benefit from the potential upside of the stock market, but would like the peace of mind of knowing that they will be protected if the FTSE index falls.


Protection exam pondered

Norwich Union Life is in discussions with the Chartered Insurance Institute about launching a protection exam for advisers.


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