L&G hits investment trail again

Legal & General has announced the launch of its latest stockmarket-linked capital guarantee investment plan - Growth Investment Plan Plus 8 providing investors with 130% of any capital growth in the FTSE 100 Index over a 6-year term maturing on June 20th 2013 plus capital protection at maturity. The plan will be open for investment for a limited offer period ending June 15th.

In addition, the plan includes an early payment feature sometimes referred to as a kick out feature, which means that if the FTSE 100 Index grows strongly the investment could close early.

The early payment feature will be activated if the FTSE 100 Index has grown by 15% or more at the third anniversary. If it is activated, the investment will close.

Investment is available as a maxi ISA, mini stocks and shares ISA, as well as for PEP/ISA transfers and direct share investment.

Minimum investment is £500 - maximum investment for Maxi ISAs being £7,000 and for Mini stocks and shares ISAs, £4,000. There is no limit for PEP/ISA transfers and direct share investment.

Although capital is protected at maturity it is not guaranteed. In order to provide the capital protection and stated return the money is invested with high quality financial institutions with at least an 'A' or 'A2' financial strength rating. These institutions are considered financially secure by their nature. It is only in the event that they default on their payments that Growth Investment Plan Plus 8 will be unable to meet its stated objectives and investors will not get back all of their original investment or the stated return.

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2007-05-03 10:40:04 © Moneyextra.com