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Zurich plan offering 100% of FTSE&#39s rise

Zurich is rolling out a structured product linked to the FTSE 100 which guarantees a 100 per cent capital return regardless of the movement of the index.

Backed by Dunbar Bank, the guaranteed account has a term of five-and-a-half years but will close on its third anniversary if the FTSE has risen by at least 30 per cent. Investors will get their money back plus 30 per cent gross interest.

If the index has not grown by this level within three years, the plan will continue to the end of its term. Investors will then receive 100 per cent of the growth of the index in addition to their full capital.

Minimum and maximum investments are £2,500 and £250,000. A bonus of 0.25 per cent of the amount invested will be paid until May 3. The product is on a first come, first served basis and may shut early. Commission is 3 per cent.

Marketing, customer and communications director Kevin Ronaldson says: “The account is the fair weather investor&#39s friend. It offers a toe back into the water to those investors who would like to try and benefit from an upturn in the market without risking capital.”


EIS provides chance to invest in rising F1 star

Formula 1 racing fans can invest in the career of an up-and-coming driver, Justin Wilson, through an enterprise investment scheme. The Justin Wilson EIS was established to raise the $1.5m contribution needed by Wilson to secure his 2003 contract with the small Italian F1 team Minardi. Many drivers who move to Formula 1 bring sponsorship […]

SHIP sets up home reversion regulation working party

Consumer protection body Safe Home Income Plans has set up a working party to contribute ideas to the consultation for equity release regulation.Ship has set up the working party following the publication in December 2002 of the Working and Saving for Retirement green paper by the Department for Work and Pensions.Ship chairman Jon King says: […]

Letter of the law

Infoline is organising an event in London on May 20 to help IFAs run a compliant sales process.The event will take place from 10am to 4pm and will be structured around seminars led by David Dinsmore, the former head of business standards at Legal & General, and Jayne Owen.Participants will get expert help to evaluate […]

HSBC Bank – Performance Plus Isa

Wednesday, 2 April 2003 Type: Capital protected Tessa-only Isa Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£9,000 Investment choice: Capital protected Tessa-only Isa Term: Five years Guarantee: Original capital returned in full regardless of performance in index Return: Up to 45% growth at end of term Catmarked: No Closing […]


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