New Norwich Union Guaranteed Capital Plan launched

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New Norwich Union Guaranteed Capital Plan launched

A second tranche of the Norwich Union Guaranteed Capital Plan will be available from January 16th, catering for investors who want access to property and stock markets.

Minimum investment in the new tranche, which guarantees to return at least the original sum, is £3,000.

Capital is split into three elements, with 33 per cent linked to the Halifax House Price Index, 33 per cent linked to FTSE 100 and 34 per cent invested in a one-year fixed rate paying eight per cent gross.

Neil Davies, director of investments, said: "The first tranche of the Guaranteed Capital Plan was a success and proved popular with our customers who want to potentially benefit from rises in the stock and housing markets without risking their capital."

The Norwich Union Guaranteed Capital Plan is designed to be held for a six-year term and capital is guaranteed to be returned on maturity.

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