UK-based insurer Norwich Union is launching Norwich Union Capital Protected Plan Two, a new investment plan for customers who want to benefit from increases in the FTSE 100 while protecting their initial investment.
The Norwich Union Capital Protected Plan Two is designed to return twice the increase in the FTSE 100, up to a specified maximum, and protect customers’ initial investment. Two versions of the Norwich Union Capital Protected Plan Two are available giving customers a choice of investing for three or six years.
The three-year plan offers the return of the initial investment plus twice the percentage rise in the FTSE 100 Index, with the total amount paid capped at 27%. The six-year plan offers the return of the initial investment plus twice the percentage rise in the FTSE 100 index, with the total amount capped at 72%
Minimum investment is GBP1,000. There is no maximum investment, but usual individual savings account (ISA) limits apply if the investment is held in an ISA.
John Clougherty, managing director of retail investments at Norwich Union, said: This latest version of Norwich Union’s Capital Protected Plan gives customers a simple, fixed-term investment that offers them the chance to benefit from growth in the FTSE 100 and provides the reassurance that their original investment is protected. The structured product market is growing fast and is proving attractive to investors who are made nervous by volatile stock markets.