NFU Mutual bond to offer 55% of FTSE 100 growth

NFU Mutual has launched a limited edition bond offering a return of 55% of the average growth of the...

NFU Mutual has launched a limited edition bond offering a return of 55% of the average growth of the FTSE 100 over the six-year term with a guaranteed minimum return of 115% of invested capital. The product has a higher minimum investment level than a number of similar products launched by rivals in recent weeks, at £7,500. The maximum is £500,000, although investors with large chunks of money can negotiate individual terms. It has no explicit charges either up-front or annual but this is naturally reflected in the product's return profile. Death benefits are equal to the greater of the...