Legal & General has announced that the minimum return on its latest capital protection product is to increase.
Plan Four, part of the Protected Capital and Growth Plan series, is to increase to 25 per cent when it matures on July 6th 2011.
This stock market linked investment is an excellent choice for investors who want to combine the security of protected capital and a guaranteed, competitive minimum return with the opportunity to take advantage of any growth in the UK equity market over the next six years.
Available for a limited seven-week period from Monday May 16th to Friday July 1st, Plan Four pays either the minimum 25 per cent return at maturity or 50 per cent of any FTSE 100 Index capital growth, whichever is greater.
"Protected Capital and Growth Plan Four offers cautious investors, who remain invested for the full term, a minimum annual compound rate of approximately 3.7 per cent per annum given the tax efficiencies of its Dublin investment structure," said Claire Stracey, retail investments marketing director for Legal & General.
"This is designed to be attractive to deposit account savers who are contemplating a return to equities to capture the potential for higher returns."
Based on an initial investment of £7,000, investors could expect to receive at least £8,750 at maturity, even if the FTSE 100 Index fails.Click here for the best investment advice.
© DeHavilland Information Services plc