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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.”

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