Barclays Wealth reissues Target Growth Plan

Barclays Wealth is reissuing its five-year Target Growth Plan which offers investors the opportunity for solid returns even if the FTSE 100 index suffers a significant fall.

The Target Growth Plan will deliver a 45% return as long as the index does not fall by more than 50% over the term. Barclays Wealth says the plan could repay the initial investment even if the FTSE 100 falls under the 45% threshold and does not recover to its starting level at maturity. With both capital and the 45% return reducing on a 1:1 basis in the event of a breach, the index would only need to recover to 58% of its starting level for the plan to still deliver a 100% total return. Lisa Chaudhuri, manager, Barclays Wealth, says: “There is little consensus over where the FTSE 100...