Whole of life policy from FPI comes with guarantee

structured products

Friends Provident International (FPI) is offering a capital protected whole of life policy starting ...

Friends Provident International (FPI) is offering a capital protected whole of life policy starting in October. The Capital Plus Account links to the Capital Plus Fund, which in turn is linked to the performance of the FTSE 100 index, giving investors a return of 100% of capital plus any growth in the index. The initial investment, set at a minimum of £25,000, is capital protected if held to the product's maturity date of 1 June 2010. However, the product does feature a knock-out element and if the index achieves growth of 30% or more by December 2007, it will mature early, giving investo...