New Barclays Wealth FTSE Returns Plan 'includes added bonus'

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New Barclays Wealth FTSE Returns Plan 'includes added bonus'

Wed 12th May 2010

The new Barclays Wealth FTSE Returns Plan has an additional bonus to help savers get the most return from their capital, a spokesperson from the company has suggested.

Lisa Chaudhuri, vice-president of the firm, pointed out that many investors are looking to equity growth to try to achieve a reasonable return on their cash.

"With many investors wary of a double-dip, we have added averaging at the start and end of the investment term to help offset the risk of market timing," she stated.

The Barclays Wealth FTSE Returns Plan offers individuals 1.5 times the first 28 per cent rise in the FTSE 100.

Investors will automatically lock 14 per cent of their capital if the index has grown this much after two years and the same goes for 28 per cent after four years.

In addition to this, the bonus for savers is that they can get their cash back after six-years, no matter what happens to the FTSE 100.

The index fell 40 points on opening this morning after the news that David Cameron has been appointed prime minister of the UK, reported the Mail.

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