Abbey launches latest guaranteed investment products

Abbey launches the latest in its range of guaranteed investment products linked to the FTSE 100 and designed to give investors access to the stockmarket with the security of a capital guarantee.

Guaranteed Growth Plan (Issue 14), offering a minimum return of six per cent over 3.5 years and 18 per cent over six years and 50 per cent participation in the FTSE 100 Index.

Guaranteed Capital Plus, offering an 18 per cent return after 3.5 years and a 40 per cent return after six years if the FTSE 100 Index goes up by any amount at the end of the term; and a guaranteed minimum return of two per cent for both terms.

The products are tax efficient; returns can be free of Income and Capital Gains Tax, (annual CGT allowance is currently £9,200).

The products are available until 22 April 2008 or earlier if sold out. Minimum investment is £1,500.

Reza Attar-Zadeh, Head of Savings and Investments at Abbey, said “Given the volatility of the stock market since the start of the year, some people thinking about taking out investments may be cautious. Abbey’s structured product range allows investors to benefit from any stockmarket growth without putting their capital at risk.”