|
Protected return
at maturity: |
Initial investment |
|
Maximum return at maturity: |
Initial investment
plus 27% (dependent on the performance of the
FTSE 100 Index) |
|
Return
calculation: |
2
times the increase in the FTSE
100 Index during the term |
|
Early investment
interest: |
3.25% gross per
annum (paid net of 20% savings tax rate) for
customers investing before 27th October 2008
|
|
Smoothing: |
The Index value is
averaged over 6 months prior to maturity.
|
|
Investment
options: |
Direct investment
only |
|
Premium payment: |
Single premium
only, by cheque |
|
Minimum premium: |
£1000 (initial and
tops ups during the Offer Period) |
|
Maximum premium: |
No maximum |
|
Product
availability: |
Up to 4 joint
holders |
|
Structure: |
Norwich Union
Investment Funds, manager of the Norwich Capital
Protected Plan 2, invests in Medium Term Notes
(MTNs) provided by an ‘AA’ rated institution to
provide the investment returns. If the MTN
provider defaults, Norwich Union does not
guarantee the capital return or capital growth.
|
|
Age limits: |
18 minimum, no
maximum |
|
Tax treatment: |
Return at maturity
is taxed as Capital Gain. |
|
Early encashment: |
Partial encashment
not permitted. There are no early
encashment charges. However, the return will be
based on the current market value of the
investment. It may not correspond with growth in
the FTSE 100 Index and may be less than the
capital invested.
|
|
Charges: |
4.37% initial
management charge, no annual charge. Initial
charge is built into the pricing of the Plan and
has no effect on the investment.
|
|
Dealing: |
The Plan is valued
on a monthly basis. |
