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Structured plans offering growth and protection

Legal & General and Scottish Life International are both launching structured products that aim to protect initial capital and give investors potential market upside.

L&G&#39s index growth & protection plan 2 guarantees full capital protection and gives 100 per cent of any capital growth in the FTSE 100 index over the fixed term of five and a half years. The capital protection guarantee is lost if funds are withdrawn before the end of the term. Minimum investment is £500. Commission is 3 per cent.

SLI&#39s safe combination bond invests in a mix of tax-efficient insurance funds which provide between 95 per cent and 100 per cent capital protection every three months.

A profit rate is calculated at the beginning of each quarter, indicating the proportion of any growth in the UK FTSE 100 from which the investor will benefit during the three-month period. Minimum investment is £15,000.

L&G retail marketing director Claire Stracey says: “Investors have the comfort of knowing their capital is protected and yet benefit from the growth in the FTSE 100 index when this investment matures.”

SLI head of corporate communications Douglas Law says: “With our UK safe combination bond, there is no fixed term and investors have access to their investment every three months if their circumstances change.”

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