L&G offers protection

News in brief

UK distributor Legal and General (L&G) has launched a new protected capital investment product. Protected Capital Investment Plan 3 pays the greater of a minimum of 22% capital growth or 50% of any FTSE 100 index growth. The product has a term of six years (maturing July 12, 2012). The minimum capital growth of 22% is an increase from the previous minimum of 21%, L&G says. Investors in Protected Capital Investment Plan 3 receive ordinary shares in the Protected Capital Investment 3, sub-fund of

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