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Legal & General unveils new capital protected plan

Growth Investment Plan Plus 18

UK-based Legal & General Group, a holding company for a group of risk, savings and investment management businesses, has introduced its latest product in its capital protected investment range, Growth Investment Plan Plus 18, to independent financial advisers which will be available for investment until February 27, 2009.

The group said that investors can benefit from 100% capital protection at maturity plus a return of 100% of any capital growth in the FTSE 100 Index over the investment term, which is six years, maturing on March 4, 2015.

Investors in Growth Investment Plan Plus 18 (GIPP 18) receive ordinary shares in the Growth Investment Plus XVIII sub-fund of Legal & General Protected Investments, which is a Dublin-based company.

Investment is available as an individual savings account (ISA) or ISA transfer. The minimum investment is GBP500 for ISAs and shares purchased through the brochure and GBP10,000 for investment directly into shares purchased via the securities note and company’s registration document. This investment does not take account of dividends that would be available through holding shares directly in the companies that make up the FTSE 100 Index. Legal & General noted that although capital is protected at maturity it is not guaranteed.