Abbey Guaranteed Growth Plan launched

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Abbey Guaranteed Growth Plan launched

The Abbey Guaranteed Growth Plan has been launched, guaranteeing a return on capital after a five and a half year term.

Now in its third issue, the product also carries the potential for additional growth after the term.

Pak Chan, head of investments marketing at Abbey, said that many people were cautious about investing in the current market due to the uncertainty of stocks over the last few years.

He said: "The Abbey Guaranteed Growth Plan, unlike some other guaranteed capital plans and guaranteed equity bonds on the market, aims to take away this fear by guaranteeing to protect people's initial investment and also give them a guaranteed minimum return if held to maturity."

The Abbey Guaranteed Growth Plan is linked to the FTSE 100 Index and has the potential of returning 44 per cent after the duration of the term.

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