NDFA announces 70% returns on Secure Growth product

Investors in the NDFA House Price Secure Growth Plan are set to make a return of 70% as the product ...

Investors in the NDFA House Price Secure Growth Plan are set to make a return of 70% as the product nears the end of its five-and-a-half-year term. The structured product, which launched in 2002 and matures next month, gives investors 100% capital protection and 100% of the rise of the Halifax House Price index. The final index level is averaged over the final year. Despite predictions UK house prices would rise by between 7% and 8%, the actual increase was 17.4% in 2002, slowing to a steadier growth rate of 9.4% by 2007. The group said investors should realise structured products are...