Structured plans split over future of property sector

Structured product providers are divided over the prospects of property-tracking indices with Nvesta...

Structured product providers are divided over the prospects of property-tracking indices with Nvesta moving out of the asset class as Norwich Union comes in. The latter is to launch the six-year Guaranteed Capital Plan that blends the offer of 75% growth in the FTSE 100, 75% of growth of the Halifax Price index and a deposit account paying 8% gross per annum, with one-year returns from the latter section paid out at the end of each year. The product will be sold through its building society network with a minimum investment limit of £3,000 and a start date of 16 December 2005 Nvesta has...