Abbey launches new guaranteed growth plan

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 15), available for 3.5 or 6 years, and offering the higher of:

A guaranteed minimum return of five per cent over 3.5 years or 50 per cent of the FTSE 100, capped at 35 per cent

A guaranteed minimum return of 20 per cent over 6 years or 50 per cent participation in the FTSE 100 Index, capped at 60 per cent

The Guaranteed Growth Plan (GGP) is tax efficient; returns can be free of Income and Capital Gains Tax, (annual CGT allowance is currently £9,600).

The GGP is available from 23 April until 24 June 2008 or earlier if sold out. Minimum investment is £1,500. The product can be used as the investment element of Abbey's Super range of products, providing a great combination of income and growth returns.

Reza Attar-Zadeh, Head of Savings and Investments at Abbey, said "Given the volatility of the stock market, investors may be cautious. Abbey's Guaranteed Growth Plan gives investors exposure to equity markets without putting their capital at risk. It also ensures them a guaranteed minimum return, regardless of the stock market performance."