Meteor Asset Management launches kick-out growth plan

Meteor Asset Management has launched Prima Growth Plan 6, a six-year plan linked to the FTSE 100. The plan offers a return of 12% at the first yearly anniversary provided the index is at or above opening levels.

If the FTSE 100 is below its initial level, the plan continues into year two and remains open until the index is at or above the opening level and pays 24% in year two, 36% in year three, 48% in year four, 60% in year five and 72% at maturity.

"A number of advisers have expressed a