NU expands its Capital Protected Plan

Norwich Union is bringing the second issue of its Capital Protected Plan to market. The structured ...

Norwich Union is bringing the second issue of its Capital Protected Plan to market. The structured product has a capital protection element and is designed to return twice the increase in the FTSE 100. The three-year version of the plan offers initial capital plus double the rise in the index, with the return capped at 27%. Meanwhile, the six-year plan gives back the initial amount plus twice index growth capped at 72%. For both plans, capital protection and returns apply only if the plan is held for the full term. Early encashment is possible but may result in the investor receiv...