Woolwich offers Protected Bonus Plan via Isa wrapper

The Woolwich is distributing its Protected Bonus Plan, available via an Isa wrapper, through interme...

The Woolwich is distributing its Protected Bonus Plan, available via an Isa wrapper, through intermediaries and offering 3% initial commission. The product, which launched at the end of November, runs for a term of five-and-a-half years, links returns to the FTSE 100 index and features limited capital protection. The plan offers a fixed bonus of 55% at maturity if the final level of the FTSE 100 index is the same as, or higher than, its initial level at the start of the investment period. If the final level of the FTSE 100 is lower than the initial level, no bonus will be paid. If the ...