Meteor emits latest kickout growth and monthly income plans

Meteor Asset Management has unveiled its new monthly income plan, linked to the FTSE 100 and S&P 500 indexes, offering 0.65% a month over 60 months. The plan, which has a term of five years and fourteen days, repays capital in full at maturity, providing that neither of the indexes fall by more than 50% from their opening levels during the term and fail to recover at maturity. If this occurs, capital is lost 1:1 in line with the lower performing index.

Meteor has also launched its six-year and 14-day Prima Growth Plan 11. The plan is linked to the FTSE 100 index and delivers 14% at the first annual anniversary, as long as the index is at or above its initial level. If the index is below its initial level, the plan runs into the second year, and pays 28% on the second anniversary if the index is at or above its opening level. The plan remains open until this condition is met, paying 42% in year three, 56% in year four, 70% in year five and 84%