Legal & General Growth Investment Plan Plus 2 to open
www.moneynews.co.uk > Banking > Legal & General Growth Investment Plan Plus 2 to open
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Money News |
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Legal & General Growth Investment Plan Plus 2 to open
Thu 9th Mar 2006
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Customers will receive their returns upon maturity should they choose to wait for the six-year period. However, an early payment facility is offered with the product.
If the FTSE 100 Index has grown by 15 per cent or more by May 10th 2009 customers will receive their original investment plus 22 per cent. If the index has grown by 27 per cent after four years an early payment of the original input plus 27 per cent will be made.
Alternatively, investors could wait until the fifth anniversary of the outset of their deal – May 10th 2011 – and they will receive a 32 per cent return if the shares directory has seen a growth of 25 per cent or more.
Should customers wait until their product fully matures on May 10th 2012, they will be offered a capital protection guarantee.
Jamie Vale, sales director at Legal & General, said: "Continuing the Growth Investment Plan Plus series offers a secure investment for savers who invest full term, even if the FTSE 100 Index falls, as this product is designed to protect their capital at maturity."
Investment in the Legal & General Growth Investment Plan Plus 2 can be made through a Maxi ISA, a Mini Stocks and Shares ISA, PEP or ISA transfers or direct shares investment.
A minimum input level of £500 is required and a maximum of £7,000 is permitted for Maxi ISAs and £4,000 for Mini Stocks and Shares ISAs.
Related News : Banking |
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Related News : Legal and General |
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