M&G lines up first protected Isa offering full returns

M&G was to offer its first protected Isa, which was to offer investors return of original capital af...

M&G was to offer its first protected Isa, which was to offer investors return of original capital after five years, plus 80% of the growth in the FTSE 100. The majority of the money raised was to go into a medium-term loan note provided by investment bank Jackson National. The loan noted was invested in corporate bonds and derivatives to provide capital protection and exposure to the upside of the market.