If the FTSE 100 is below its initial level, the plan continues into year two. The plan remains open until the index is at, or above, the opening level. Consequently, the plan would pay 24% in year two, 36% in year three, 48% in year four, 60% in year five and 72% in year six (at maturity).
“A number of advisers have expressed a preference for just one Index in these products and in the current volatile markets they tend to prefer those relating to the UK,” says Graham Devile, managing directo
The week on Risk.net, July 7-13, 2018Receive this by email