|
Protected return
at maturity: |
Initial investment |
|
Maximum return at maturity: |
Initial investment
plus 72% (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 12 months prior to maturity.
|
|
Investment
options: |
Direct investment,
stocks & shares ISA and ISA transfers |
|
Premium payment: |
Single premium
only, by cheque |
|
Minimum premium: |
£1000 (initial and
tops ups during the Offer Period) |
|
Maximum premium: |
No maximum for
Direct Investment, £7,200 for ISA's |
|
Product
availability: |
Up to 4 joint
holders, only one person can invest in an ISA. |
|
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: |
Direct investment
return is taxable as Capital Gain, Stocks &
Shares ISAs are free of any UK Income and
Capital Gains Tax (subject to limit)
|
|
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: |
7.14% initial
charge, no annual management 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. |
